Wise v. The Queen, 86 DTC 6023, [1986] 1 CTC 169 (FCA) -- summary under Adjusted Cost Base

By services, 28 November, 2015

A deposit of $65,000 was received by the taxpayers from the purchaser of real estate apparently as damages to compensate for losses suffered by them as a consequence of the purchaser's failure to close the agreement of purchase and sale. The cost of any property that had been disposed of by the taxpayers accordingly had a cost that was not less than $65,000.

Topics and taglines
Topic
Income Tax Act - s. 54 - Adjusted Cost Base
Tagline
deposit
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338112
Extra import data
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"field_legacy_header": "<strong><em>Wise v. The Queen</em></strong>, 86 DTC 6023, [1986] 1 CTC 169 (FCA) <strong>[deposit]</strong>",
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