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Sum received from letting out an office space with facilities of cafeteria and conference room was business income

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  • Sum received from letting out an office space with facilities of cafeteria and conference room was business income
Posted onon September 20, 2014

Tenet Tax Daily September 20 2014

By tenettax-team
Corporate Tax

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Renouncing of right to purchase a property in lieu of a sum was ‘transfer’; to be taxed as capital gains
Sum received for supply of equipment with user guide on how to install and use it, couldn’t be taxable as royalty

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