Tax Tip For Condemned Property Owners In Chicago
UPI reports that property condemned for highway or urban renewal projects may avoid federal income tax on proceeds if funds are reinvested in similar replacements. Tests for similarity include new buildings with greater capacity and expanded land for future plant growth, among others, while certain reinvestments are deemed not similar such as upgrading unimproved real estate or reducing existing debt with the proceeds.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Commerce Clearing House
Clearing House
New German Car Aims to Beat Volkswagen in U S Market
Friedrich Flick backs Auto Union a two stroke 40 mpg car targeting U S buyers. The super economy Auto Union promises 70 mph, smoother ride, and lower price in Germany at 952 dollars versus 1050 for Volkswagen, with Flick expanding the firm after postwar limits.
MENTIONED IN THIS ARTICLE
Duesseldorf
Nana
Friedrich Flick
Volkswagen
U. S
Flick
Auto Union
Germany
Ford
Opel
Daimler Benz Auto Union merger forms Europe’s largest car producer
Trolling interest in Auto Union and a merger with Daimler Benz creates Europe’s largest auto firm with 75 000 workers and $550 million yearly turnover. Daimler Benz plans styling and engine upgrades for Auto Union to penetrate the American market via Studebaker Packard.
MENTIONED IN THIS ARTICLE
Auto Union
Daimler Benz
Studebaker-Packard
Daimler Benz-Auto Union
Europe
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Mom
Darnell and
Jarrell Layman
Louisville
Cites Law
Dept
Pocatello
Idaho
Williams S. Cook
St. Lawrence
Canada
1000 Blends Bridge
Gay. Picturerque Canada
1000 Blands
St Alexandri Bay
O Xe
Brockville
LA Mail
Bonide
Syracuse
Gravinas Garden Shop
South
Salina ST
Syracuse, N
U.S
Dad
Tycora
Richmond, Va
Henrico County
Fixture Company
Guiden’s
Old Dad
Howton
Beach
New Hampshire
Hampton Beach
Hampton
Chamber of Commerce
Ocean Boulevard
Hampton Beach, Nlm
Cohasset
Ysa Genulac
Adirondack
Bookle H. McGrathe
Old ‘Ferse
XN. Y
Birdseye View
Jantzen International Sports Club
Jantzen
Jantez
Porthand
Oregon
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