Assertion: real property | /r/HasProperty | sold
Facets:
Source sentences:
text: When real estate that falls under Section 1231 treatment is sold, the prior depreciation is taxed differently than any gain realized from the property being sold for more than it was purchased for.
text: Another difference is that if real property is sold or the lease is assigned by the lessor, the interest of the lessee normally flows with the property; rights under a licence normally cease upon the sale of the property.
text: After an owner of real estate has died, their estate must be probated so the real estate can be sold.