Legal Opinion
Clinton Hill Equities Group v. Tax Appeals Tribunal
Appellate Division of the Supreme Court of the State of New York
Decided June 26, 1997PublishedCited by 4 opinions
1Opinion of the CourtYesawich Jr., 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 June 1982, petitioner purchased several apartment buildings in New York City intending to convert them to cooperative ownership. As part of the consideration given for the property, petitioner assumed an outstanding mortgage debt owed to Equitable Life Insurance Company which was scheduled to become due in full in 1984. "When Equitable…
2Cases cited4 opinions
- 1230 Park Associates v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1991
- Mattone v. State of New York Department of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1988
- Marriott Family Restaurants, Inc. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1991
- Glick Construction Corp. v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1983
3Cited by4 opinions
- Carpenter Technology Corp. v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2002
- Gropper v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 2004
- Sherwin-Williams Co. v. Tax Appeals Tribunal of the Department of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2004
- NewChannels Corp. v. Tax Appeals Tribunal of the Department of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2001