Where landlords agree to pay tenant inducements over a period of twenty years, the taxpayers would account for the amounts payable as "secured receivables" on the balance sheets in some instances, and in others as deferred income. Such amounts would not be loans or advances for purposes of s. 181.2(4)(b) because there is no lender and borrower relationship between the taxpayer and its landlord. "In order for there to be a loan at law, it is necessary that there be a delivery of the subject of the loan by the lender to the borrower and that there be an obligation on behalf of the borrower to return the subject matter of the loan".
Topics and taglines
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
319811
Words and phrases
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
343187
Extra import data
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