Is there any consideration as to whether capital gains tax on the auto business, Orient, will ever crystallise because it might never crystallise?
British Columbia, Canada
The following excerpt is from Mohajeriko v. Gandomi, 2009 BCSC 393 (CanLII):
Here, as in Rick v. Brandsema, there is only speculation as to whether capital gains tax on the auto business, Orient, will ever crystallise because it might never be sold. This “contingent liability” is thus fundamentally different in character from the contingent tax liability attaching to the tax shelters in Stein.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Is a husband's contribution to a business considered a family asset in determining if the business asset is a business asset? (British Columbia, Canada)
What is the test for determining whether a plaintiff has a capital asset under the capital asset approach? (British Columbia, Canada)
What factors will the Court consider in deciding whether it would be unjust to find that a summary trial is appropriate to consider the issues before deciding whether to proceed with a conventional trial? (British Columbia, Canada)
Does the question of whether council acted in good faith enter into an analysis of the vires of a resolution where it is alleged the decision was based on irrelevant or improper considerations? (British Columbia, Canada)
What are the factors used in assessing whether a plaintiff has suffered a loss or impairment of his capital asset, the ability to earn income? (British Columbia, Canada)
What considerations will be considered in deciding whether to grant leave to appeal? (British Columbia, Canada)
What are the considerations that determine whether double costs are appropriate? (British Columbia, Canada)
What is the test for determining whether a plaintiff has impaired their earnings capacity or capital asset capacity? (British Columbia, Canada)
What is the proper way to assess future loss of capital as a form of capital asset? (British Columbia, Canada)
In what circumstances will a judge refuse to take potential capital gains tax into account when allocating a family asset? (British Columbia, Canada)
