Land dealing - an alternative to Capital Gains tax?
Land dealing - an alternative to Capital Gains tax?
- 1997
- Farm Tax Brief 12(7) July 1997, 52-53(2) .
Considers when income tax and Capital Gains Tax may be incurred on the sale of farm land and property. Illustrates through case law how the taxpayers` intention when initially purchasing the property may be taken into account.
CAPITAL GAINS TAX
FARM LAND
INCOME TAX
INTENTION
PROFIT
PROPERTY TRANSACTIONS
Considers when income tax and Capital Gains Tax may be incurred on the sale of farm land and property. Illustrates through case law how the taxpayers` intention when initially purchasing the property may be taken into account.
CAPITAL GAINS TAX
FARM LAND
INCOME TAX
INTENTION
PROFIT
PROPERTY TRANSACTIONS