4 ms·
I've seen this on a smaller scale where a family farm would be left for the next generation when whoever owned it passed. The children who they left the farm to
by aphextim 7y ago
I've seen this on a smaller scale where a family farm would be left for the next generation when whoever owned it passed. The children who they left the farm to for whatever reason could not afford the taxes so the entire community would show up to the auction, and not bid on it so the original owner's son could purchase it and keep it in the family.
https://www.goodnewsnetwork.org/farmers-stay-silent-during-auction-so-young-man-can-win-the-bid-on-his-long-lost-family-farm/ https://www.goodnewsnetwork.org/farmers-stay-silent-during-a...
- Gibbon1 7y agoOne way to deal with the tax issue for a farm is to transfer the developers rights to a non profit.