EFTA02504289

From: Heather Gray < Sent: Thursday, April 30, 2015 6:56 PM To: jeffrey E. Subject: RE: Re: Still waiting for the Christie's rental guy to call me back. I'll call again. Frankly, I think other collectors are just ignoring/aren't aware of the sales tax issue. But let's see what the Christie's guy has to say. From: jeffrey E. [mailto:[email protected]] Sent: Thursday, April 30, 2015 2:49 PM To: Heather Gray Subject: Re: any more info on rental rates , off the record. if we could get a 1 percent per year or less. it might be worth it. if we can avoid sales tax On Thu, Apr 30, 2015 at 2:40 PM, Heather Gray < Hi Jeffrey, <mailto » wrote: I'll find someone at Paul Weiss to discuss this with and will report back. For what it's worth, I think he should absolutely be able to do it under the trade-in credit rules (section 526.5(f) of the Sales and Use Tax Regulations). But I'll find out from the PW folks. Best, Heather From: jeffrey E. [mailto:[email protected] <mailto:[email protected]> ] Sent: Thursday, April 30, 2015 2:34 PM To: Heather Gray Subject: I EFTA_R1_01633607 EFTA02504289 heather, track down with someone at pw. whether as opposed to a 1031 leon coudl use other fully paid for art to avoid sales tax if traded in to gogosian this would not shelter gain, only limit sales tax. to picasso minus trade please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01633608 EFTA02504290