Issue: Is the lump sum income or a capital receipt? If the lump sum is a receipt for the disposal of a capital asset s. 6-5 of the ITAA should not apply as it is not ordinary income. The lump sum will be income under s. 6-5 if the disposal of the property can be viewed as occurring in the ordinary course of the taxpayer’s business or income earning activities. To determine whether the proceeds are income, as distinct from a capital receipt, regard should be had to all of the facts of the particular
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Week 2 Joshua Wolfe 1. There are several issues that could be involved when resolving legal disputes in international business. The first one is who you are dealing with in the nation that you are doing business with. Not all countries are stable in leadership like the United States. Changes in other parts of the world happen rapidly and without notice. Even though you may have an agreement in place with that countries current laws after a change in leadership those laws may
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Learning Team Weekly Reflection Eric Gibbs, Maximino Valdez, Aisha Savage, John Palmer Law/421 Monday, February 03, 2014 Terry Coniglio Learning Team Weekly Reflection Black’s Law Dictionary defines a copyright as “the right of literary property as recognized and sanctioned by positive law.” Melvin (2011). The development of the web and other internet technologies will continue to increase the number of copyright issues. The copyright act was developed in 1976 and it grants exclusive rights
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(b) Mrs. Ngan Property Tax Computation Year of Assessment 2012/13 $ Rental Income (18000*9) 162000 Less: rates paid (2200*2*9/12) (6600) 155400 Less: Statutory deduction (155400*20%) (31080) 124320 Property tax payable @ 15%
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of the items that I need to complete for my project, my business is a real estate and the systems I use are very friendly user however I need someone that can work fast pace, the tasks are as follows" 1. Website maintenance 2. Input listings/properties onto the MLS system with full description you must have good grammar skills 3. Promote my website on google and promote all of our listings in all social media FB,Tweeter, Linkden, zillow trulia, instagram, realtor.com, yahoo, craiglist, eBay,
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wildfire firefighters are risking their lives, or worse, giving their lives up to save empty properties? Timothy Egan, the writer for an article called “New West, Old Story”, Is a writer for The Times. Egan believes that wildfire firefighters shouldn’t give their life for an empty property. I agree with Egan’s article “New West, Old Story”, because many people will be effected by their death, people who own properties in wildfire areas should already know the damages that could be done, careers wont be
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Linklater begins by talking about how to measure property. In the beginning, land boundary is set by how it meets another set of boundaries or visible objects, i.e. “metes and bounds.” The idea of land as private property possibly came about in 1538, ignited by an idea that land can be measured and mapped instead of feudally owned. This development then brought about the idea of rent and residents started getting evicted if they couldn’t pay. This new sense of ownership then required an exact measurement
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Introduction In this assignment I’m going to discuss about the problems arose between the parties, advice to the parties and look into the possibilities available for the parties. The main problem arose in this question is on lease and license. Throughout this assignment I have discussed the difference between lease agreement and license agreement, formalities and characteristics of lease agreement and license agreement with deciding Common Law cases and also legal rights nd equitable rights available
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we will use a recent 30-year fixed interest rate of 6.25%. Let’s look at how the monthly costs break down (approximately) for our hypothetical potential first-time homebuyer: Renting Buying Rent/Mortgage: $1,495 $2,093 Insurance: $20 $163 Property Tax: - $407 Tax Savings*: - ($327) Maintenance: - $354 Total: $1,515 $2,690 *: (less standard deduction) Right off the bat, you see that simply trading straight across from renting to owning results in
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The Irish Times - Friday, November 12, 2010 Property tax could raise €1.1bn In this section » • Prices increase by 0.7% in year to October • Kinsella sought press help against Kenmare • Trade imbalances top G20 agenda • Former Bord Gáis chief settles €2m High Court action • Profits at BT's Irish unit up, revenues drop • Minister welcomes economic advisory council as 'national priority' LAURA SLATTERY A PROPERTY tax would be most easily introduced if it was based
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