An article by David Burton and Richard Page analyzes a recent Tax Court opinion regarding the definition of a capital asset. The Tax Court case involved a real estate developer that sold its real estate and sought to treat the transaction as a sale of a capital asset, but the court held that it was the sale of an ordinary asset. The article discusses lessons from the case for renewable energy developers seeking to structure their exit strategies so as to realize capital gains. The article is available here.
01 Sep '15