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Installment Sale

  1. The sale of property over several years. The use of the land and payment of property taxes are negotiable under the terms of the agreement. This type of sale allows the seller to spread the income and taxable capital gain over several years. [Source:Landowner Options, Land Conservancy of North Kingstown, http://www.lcnk.org/lcnkPage.cfm?sec=17&opt=0#cov]