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This convention provides an attractive tax benefit for the owners for the first six years following the purchase of the club. This means that the owners can actually create artificial losses which reduce their tax liability without actually costing a cent! In our opinion, this tax rule should be used solely for tax purposes and should not be exploited by owners as a claim of poverty...
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This convention provides an attractive tax benefit for the owners for the first six years following the purchase of the club. This means that the owners can actually create artificial losses which reduce their tax liability without actually costing a cent! In our opinion, this tax rule should be used solely for tax purposes and should not be exploited by owners as a claim of poverty...
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