Abstract
When an incorporated educational institution acquires real estate to establish a school, real estate acquisition tax is tax exemption. There are two interpretations of this tax exemption requirements. One is interpretation that acquisition of real estate to establish a school is a tax exemption requirement. The other is interpretation that the establishment of a school is a tax exemption requirement. This paper discusses this tax exemption requirements, accreditation standards of this tax exemption requirements, and limited interpretation of this tax exemption requirements.
