What is a ‘Gift’ for the purposes of Section LD1?

Two recent appeal decisions provide some illumination The Court of Appeal recently issued the decisions of Commissioner of Inland Revenue v Roberts and The Church of Jesus Christ of Latter-Day Saints Trust Board and Coward v Commissioner of Inland Revenue. Both concerned the question of whether particular transactions (to use a neutral term) between the taxpayers [...]

2020-10-15T19:05:58+00:00Chambers News, Pam Davidson, Taxes|

Taxation Today – An article by Pam Davidson

What is a 'regular pattern' of acquiring or erecting and then disposing of your own home, and why does it matter? “REGULAR PATTERN” OF BUYING AND SELLING WHAT? The disqualifying provisions simply use the terms “dwelling houses” and “residential land”. Read literally, a regular pattern of buying and selling (or erecting and selling) any dwelling [...]

2018-03-05T11:19:53+00:00Taxes|
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