Capital gain from transfer of property and assumption of und ...
In the case of the transfer of assets for partial consideration, the gain is from a private sale and must be allocated into a transaction for consideration and a gratuitous part based on the ratio of the consideration to the market value of the transferred asset. According to the Supreme Tax Court, this also applies if the consideration is below the initial (acquisition) costs.
Kategorien: Supreme Tax Court cases
Schlagwörter: sale of property, capital gain