Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does subsection (c) of Georgia Code Section 48-7-24 apply to a family limited partnership or similar nontaxable entity?

April 26, 2017code family Georgia limited partnership section subsection

0

Posted

Does subsection (c) of Georgia Code Section 48-7-24 apply to a family limited partnership or similar nontaxable entity?

1 Answer

0

Posted

• No. This subsection does not apply to a family limited partnership or similar nontaxable entity the majority interest of which is owned by one or more natural or naturalized citizens related to each other within the fourth degree of reckoning according to the laws of descent and distribution.