Monies advanced by the taxpayer to a family trust were found to be a loan rather than a contribution of capital, notwithstanding that a loan agreement was not signed until three years later, given that the funds were contributed as part of a complex plan which contemplated that they would be advanced as a loan and the financial statements for the trust showed a loan.
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Tagline
monies advanced to trust were loan rather than contribution
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338736
Extra import data
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"field_legacy_header": "<strong><em>Howson v. The Queen</em></strong>, 2007 DTC 141, 2006 TCC 644",
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