- Your research paper is written by certified writers
- Your requirements and targets are always met
- You are able to control the progress of your writing assignment
- You get a chance to become an excellent student!
Essay Details:
Essay text:
Company shares are a form of personal property for the purposes of IT04 ss CB 2, CB 3, CB 4 as s OB 1 defines personal property in relation to ss CB 3 and CB 4 as not including land or an interest in land personal property lease asset and means any personal property subject to a lease; and does not include any livestock or bloodstock. In the case of C of IR v National Distributors Ltd (1989) 11 NZTC 6,346 (CA) the tests to apply when determining whether shares were acquired for the purpose of resale were considered.
The key issues to come out this case are
- was the taxpayers dominant purpose in acquiring the shares was that of resale
- knowledge that the shares would not be owned for ever did not by itself make proceeds from a subsequent sale taxable
- a taxpayer who buys shares for no specific purpose other than general financial benefit will satisfy the onus of proving resale was not the main purpose of purchase
In applying these facts to Gary's case it would appear that Gary is not in the business of buying and selling and that he brought them with no specific purpose other than general financial benefit...
Calculate a fair price for your order
Do you need an essay?
A professional team of writers is able to craft custom essays from scratch according to your instructions. We are ready to satisfy writing needs of every demanding customer.
Do you need many essays?
The product provided is intended to be used for research or study purposes. Get instant access to over 200,000 papers.
Common topics in this essay:
- Art in Person
- Smart & Clever
- One Person’S Trash, Another Person’S Treasure
- Relatives / Classification
- The person who most influenced me
- ‘The Employment Relationship Is A Crucial Facet Of Any Business, But Often That Relationship Has To Be Terminated. Employees Are Protected From Being Unfairly Dismissed By Statutory Intervention, Yet The Employment Right
- How To Deal With A Person Who
- If I could change one thing in my relatives life
- Interesting Person
- most influential person
- What Defines A Successful Relationship? Its Not What You Think!
- Kurt Cobain: Collection Of Personal Accounts From Family Relatives
- Relatives in Aristotle's category
- The Developing Person
- God and Person
Feedback of people who used our services.
Similar Essays:
2 pages / 491 words |
|||
2 pages / 482 words |
|||
1 pages / 222 words |
|||
1 pages / 259 words |
|||
3 pages / 607 words |
|||
1 pages / 288 words |
|||
2 pages / 367 words |