It was held that an 11 suite apartment building had been purchased by a tailor for the purpose of retaining it and renting it, and was accordingly a rental property given the ordinary meaning of the word "rent". In addition, the rental income earned was property income rather than business income. The building accordingly was not a former business property.
Topics and taglines
Tagline
rental income was income from property
Words and phrases
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337248
Extra import data
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"field_legacy_header": "<strong><em><a name=\"Buonincontri\"></a>Buonincontri v. The Queen</em></strong>, 85 DTC 5277, [1985] 1 CTC 370 (FCTD)",
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