Legal Opinion
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Florida Attorney General Reports
Decided March 23, 2007Published
1Opinion of the Court
Dear Mr. Desguin:
As Property Appraiser for Charlotte County you have asked for my opinion on substantially the following question:
May property owned by a limited liability company qualify for a homestead exemption?
You state that an individual who resides in Charlotte County has applied for the homestead exemption on property that is owned by a limited liability company. According to your letter, the applicant states that "the LLC was formed to meet the Federal Tax Guidelines for performing a 1031 reverse to exchange and that he is the sole owner and never engaged in any business practices."…
2Cases cited6 opinions
- State Dept. of Revenue v. AndersonSupreme Court of Florida · 1981
- Young v. Progressive Southeastern Ins. Co.Supreme Court of Florida · 2000
- Regal Kitchens, Inc. v. Florida Dept. of RevenueDistrict Court of Appeal of Florida · 1994
- William Joseph Manda, Bankrupt v. Don C. Sinclair, TrusteeCourt of Appeals for the Fifth Circuit · 1960
- Prewitt Management Corp. v. NikolitsDistrict Court of Appeal of Florida · 2001
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