QUESTION
Do I have the right of ownership of something if I had possesion of it for 4 years?
Asked on Dec 26th, 2011 on Taxation - Oregon
More details to this question:
My dad owned something at his house but was locked up for selling drugs. I was here and paid taxes for 4 years. Does it make it mine?
2 ANSWERS
Trust Attorney serving Cincinnati, OH
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Paul A. Nidich Attorney at Law
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No.
Answered on Jun 02nd, 2013 at 8:57 PM
Tax Attorney serving Portland, OR
at
Bullivant Houser Bailey PC
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No, but if there were other facts to support a gift or sale to you, the payment of taxes would help support that claim. The payment of taxes might be characterized as a loan.
Answered on Dec 28th, 2011 at 4:39 PM