Sir Elton takes on Georgia state taxman
Singer looking to make savings on property
Sir Elton John is suing the tax authorities in Georgia, claiming his
penthouse in Atlanta is overvalued, in effort to cut his tax bill.
The singer claims his $4.6 million (£2.5 million) 1,100 sq metre property is
actually worth $900,000 ($486,000) less, something which could save him $16,000
(£8,640) a year.
If he loses the case it would cost him $77,250 (£42,000.)
Sir Elton’s tax adviser, Craig Klayman was quoted in Pink News as
saying the figure was too high when compared to what ‘everybody else is valued
The judge has asked both sides to solve the row through mediation.