In article ,
Peter Hendra wrote:

As it was all based upon revaluing the assets and issuing a receipt
based upon the reappraised value; and, as the donor got to keep the
donated boat, RV, work of art etc until he died, it sounded like a
wrought (sp?) to my simple mind or at least some form of creative
accounting.

It IS creative accounting, but legal.

Remember the golden rule: those that have the gold make the rules.

Rousseau - "All taxation is theft"

True.

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's NEW Pages: http://web.mac.com/jerelull/iWeb/Xan/
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/