CASTLE CORP. v. REV. DEPT.

No. 87-0368.

142 Wis.2d 716 (1987)

419 N.W.2d 709

CASTLE CORPORATION, Petitioner-Appellant, v. Wisconsin DEPARTMENT OF REVENUE. Respondent.

Court of Appeals of Wisconsin.

Decided December 23, 1987.


Attorney(s) appearing for the Case

For the petitioner-appellant the cause was submitted on the briefs of Daniel W. Hildebrand and Ross & Stevens, S.C., of Madison.

For the respondent the cause was submitted on the brief of Donald J. Hanaway, attorney general, and Alan Lee, assistant attorney general.

Before Gartzke, P.J., Dykman and Eich, JJ.


DYKMAN, J.

Castle Corporation appeals from a judgment affirming a Tax Appeals Commission (TAC) order requiring Castle to pay income tax on the total gain of an instalment sale of real estate in the year of sale, even though Castle only received approximately thirty-seven percent of the purchase price that year. The dispositive issue is whether the thirty percent rule found in Wis. Adm. Code, sec. Tax 2.19(1)1 is invalid because it exceeds...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases