South Carolina Code 12-37-950. Valuation of certain leasehold estates as real estate
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Terms Used In South Carolina Code 12-37-950
- Grantor: The person who establishes a trust and places property into it.
When any leasehold estate is conveyed for a definite term by any grantor whose property is exempt from taxation to a grantee whose property is not exempt, the leasehold estate shall be valued for property tax purposes as real estate.