Obiter Dicta

Obiter Dicta

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One simple obvious example would be that of the farmer who has a farm near the outskirts of a rapidly growing urban community and subsequently decides to quit farming and sub-divide and sell his real property. On those facts, the gain made on the sale of the real property would be taxable income because it was made in pursuance of a profit-making scheme. ... an investment.0 The reverse situation with regard to change of intention could also apply, but the difficulties are very realanbsp;...

Title:Obiter Dicta
Publisher: - 1953


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