Does Trump get a tax break by burying ex-wife Ivana at his golf club?

Fresno CA

Description

Donald Trump’s first wife Ivana was buried in a gold-hued coffin at the former president’s New Jersey golf club last month, following an Upper East Side funeral service where she was remembered as a woman who was “adored.” However, the Trump family has been accused of having ulterior motives for choosing the golf course as her final resting place—motives that could benefit the family patriarch’s finances. Documents published by ProPublica show that the Trump Family Trust previously sought to designate a property in Hackettstown—around 20 miles from the golf course where Ivana is buried—as a nonprofit cemetery company. Defining the golf course as a cemetery could grant the business a whole raft of tax breaks. Under New Jersey law, land being used for cemetery purposes is exempt from real estate and personal property taxes, as well as sales tax, inheritance tax, business tax, and income tax. Cemetery property is also exempt from sale for collection of judgments, with cemetery trust funds and trust income exempt from both tax and sale or seizure for collection of judgments against the company. (Perfect Donald! Get tax breaks using your first wife's untimely death.)