Legal Opinion
Wanat v. Tax Appeals Tribunal
Appellate Division of the Supreme Court of the State of New York
Decided February 29, 1996PublishedCited by 4 opinions
1Opinion of the Court
—Spain, J.
Proceeding pursuant to CPLR article 78 (initiated in this Court pursuant to Tax Law § 2016) to review a determination of respondent Tax Appeals Tribunal which sustained a real property transfer gains tax assessment imposed under Tax Law article 31-B.
In November 1989, petitioner contracted to sell certain real property located in the Town of Southold, Suffolk County, for the sum of $3,304,544.50. Pursuant to this agreement, petitioner was to receive payment from the purchaser by, inter alia, a 10-year note in the amount of $1,252,694.50 secured by a purchase money subordinate…
2Cases cited3 opinions
- Howard v. WymanNew York Court of Appeals · 1971
- Cheltoncort Co. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1992
- South Suffolk Recreation Ventures, Inc. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1996
3Cited by4 opinions
- South Suffolk Recreation Ventures, Inc. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1996
- Fazkap Associates v. Commissioner of New York State Department of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1996
- Rapoport v. KoenigAppellate Division of the Supreme Court of the State of New York · 1997
- Estate of Brockman v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1997