About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

B-230741 1 (1988-09-19)

handle is hein.gao/gaobadnfk0001 and id is 1 raw text is: LThe Comptroller General of the United States Washington, D.C. 20548 Decision Ethan F. Roberts - Real Estate Expenses - Resale Matter of. Waiver Fee or Flip Tax File: B-230741 Date: September 19, 1988 DIGEST A transferred employee sold his cooperatively owned residence. He seeks reimbursement for a resale waiver fee or flip tax charged him by the cooperative which allowed him to dispose of his interest on the open market. Real estate expense reimbursements are strictly governed by the Federal Travel Regulations, and a resale waiver fee is not reimbursable under those regulations. William D. Landau, B-226013, Oct. 28, 1987. DECISION This decision is in response to a request from the Director, Office of Budget and Finance (Controller), Veterans Administration (VA). It concerns the entitlement of a VA employee to be reimbursed for a resale waiver fee in con- nection with the sale of a cooperative apartment incident to a permanent change of station. We conclude that he may not be reimbursed for the following reasons. BACKGROUND Mr. Ethan F. Roberts, an employee of the VA, was transferred from the VA Medical Center, Montrose, New York, to the VA Medical Center, Brecksville, Ohio, effective June 16, 1986. He owned a cooperative apartment in Ossining, New York, and incident to his transfer he sold his interest in that cooperative apartment. Among the expenses claimed was $4,600 which represented a resale waiver fee or flip tax charged him by the apartment cooperative. Under its by-laws, the cooperative has the right of first refusal to repurchase a shareholder's interest or to waive that right for a set fee. This permits the owner of that shareholder interest to dispose of it on the open market,

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most