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Letter: Hold holding companies liable for conveyance tax | Honolulu Star-Advertiser

Summary by Star Advertiser
When Larry Ellison purchased most of Lanai, he was able to avoid the real estate conveyance tax because he purchased the corporation that owned the real estate, rather than directly purchasing the real estate. The sales of Ala Moana and Victoria Ward centers similarly avoided the conveyance tax.

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Letter: Hold holding companies liable for conveyance tax | Honolulu Star-Advertiser

When Larry Ellison purchased most of Lanai, he was able to avoid the real estate conveyance tax because he purchased the corporation that owned the real estate, rather than directly purchasing the real estate. The sales of Ala Moana and Victoria Ward centers similarly avoided the conveyance tax.

·Honolulu, United States
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Star Advertiser broke the news in Honolulu, United States on Thursday, April 9, 2026.
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