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<DIV><FONT size=4>Thanks for some recent responses. I have additional
facts. This is my client a seller on a $650,000 sale of a business
situated on US Bureau of Recl. land. It turns out that the improvements were
there when he started the lease with the US. He didn’t build them and he didn’t
buy them. So in that case is it correct that, while a sale of leasehold
improvements can trigger a REET tax, that under these facts, there is not REET
?</FONT></DIV>
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<DIV><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #004080">Joshua F.
Grant</SPAN></STRONG><SPAN style="COLOR: #004080"><BR></SPAN><SPAN
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width=207 height=43><BR></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR: #004080">P.
O. Box 619<BR>Wilbur, WA 99185<BR>509 647 5578</SPAN><SPAN
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