Income tax - land acquired for a purpose or with an intention of disposal
QB 16/06 examines when proceeds from the disposal of land acquired with a purpose or intention of disposal are taxable. Also discusses the 2 year 'bright-line' rule.
QB 16/06 examines when proceeds from the disposal of land acquired with a purpose or intention of disposal are taxable. Also discusses the 2 year 'bright-line' rule.