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Does Sixth Circuit ABC Decision Give Tenants Incentive To Buy?

Does Sixth Circuit ABC Decision Give Tenants Incentive To Buy?

Many older leases were written during periods of much higher interest rates.  It would seem that there might be an opportunity here for owners of location-dependent businesses to pay something of a premium over fair market value, based on comparables, while coming out ahead on replacement cost with an immediate tax deduction sweetening the deal.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.