[ladyjane]

So if the church owns the land is it tax free?

Good deal! White neighborhood too.

[fightinJAG]

I tell you, there is something fishy about this deal.

[fightinJAG]

I think a tax-exempt religious organization can buy debt-financed land if it intends to use the land for a tax-exempt purpose within 15 years (or something like that).

So WRIGHT buys the land and two years later sells it to the church-—for what tax-exempt purpose? Is his home going to be his home or the parish home? And if it’s the parish home, shouldn’t it be used by the CURRENT preacher, not a retired, former preacher?