3. Illinois Corp recognizes a sec. 1231 $40‚000 gain because the $60‚000 FMV minus the $20‚000 adjusted basis once it makes the liquidating distribution. Springer recognizes a capital gain to the extent that its land FMV is in excess of the basis in Illinois stock. His basis for the land is its fair market value which is $60‚000.Stefan Sharet HW 2 1. A corporation would still be required to file a tax return as any corporation must file unless it has dissolved. Each corporation must file under
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------------------------------------------------- Means of enclosure (any ‘Village Green’ risk?) ------------------------------------------------- Trees (with TPO?) / hedgerows ------------------------------------------------- Agricultural land classification ------------------------------------------------- Drainage / ponds / watercourses ------------------------------------------------- Flood risk ------------------------------------------------- Archaeological interest -------------------------------------------------
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to the Land of Oz by a cyclone. Dorothy’s house lands in the east region of Oz also known as Munchkin country a place depicted as having blue surroundings where everyone wore blue. As Dorothy makes her way through Oz‚ she follows the yellow brick road through different regions of Oz. In the middle of Oz and built from giant emeralds was Emerald City that required you to wear special goggles so you would not go blind from its bright lights. To the west of Emerald City was Winkie Country a land covered
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CLASSIFICATION OF INTERESTIS IN LAND: DOCTRINE OF TENURE AND DOCTRINE OF ESTATES a) freehold estates: freehold of inheritance ( fee-simple and fee-tail) b) freehold not of inheritance( life estate and estate par autre vie) Classification of interests in land Definition of Interests in Land What is an interest in Land? Definition An interest in land according to The Registered Land Act Cap 300 is defined as follows: “interest” in land includes absolute ownership of land. According to Black’s
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believed would free the Holy Land from Muslims. He believed that Christians were the chosen ones. He argued that Muslims had overpowered the land of the Christians while torturing them and destroying their Christian churches; as well as raping women. He also affirms that Muslims took control over Greek. Pope Urban claims the crusades are created to continue the job of Christian’s ancestor‚ who dismantled pagan territories. He exclaims that Christian should fight for their land. On the other hand‚ Muslims
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QUESTION 1 The land laws of Malaysia are contained in the main pieces of legislation. What are they? The National Land Code 1965 was made effective from 1st of January 1966. It was enacted to ensure uniformity of land laws and land policies with respect to land tenure‚ registration of titles relating to land‚ transfer of land‚ leases‚ charges in respect of land‚ easements and other rights and interests inland. Some of the contents of National Land Code 1965 are as follows: indefeasible title
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Land Reform in India (Prepared as an entry for The Oxford Companion to Economics in India edited by Kaushik Basu‚ Oxford University Press.) Introduction Land reform usually refers to redistribution of land from the rich to the poor. More broadly‚ it includes regulation of ownership‚ operation‚ leasing‚ sales‚ and inheritance of land (indeed‚ the redistribution of land itself requires legal changes). In an agrarian economy like India with great scarcity‚ and an unequal distribution‚ of land‚ coupled
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The Lion‚ The Witch and The Wardrobe – C.S. Lewis The Lion‚ The Witch and The Wardrobe. C.S. Lewis’s first book of the Chronicles of Narnia introduces the reader to the land of Narnia. Written in the 1950’s Lewis’s inspiration to write a children story stemmed from the arrival of three children evacuated to the Lewis country home during the bombing of London by the Nazi. Within unfolding story C.S. Lewis provides childlike insights into philosophies of faith‚ compassion‚ temptation‚ redemption and
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How can land be acquired in Kenya Land acquisition in Kenya Land is an important aspect of the life of any society. It is essential for food production and security‚ supports important biological resources and processes‚ sustains the livelihoods of the majority of Kenyans and constitutes an important cultural heritage for many communities. Land should therefore be managed in a way that recognizes its many attributes. In legal perspective‚ it is very important to define certain words that may
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guerilla forces organized an armed rebellion in San Cristobal de las Casas‚ Chiapas‚ Mexico and occupied numerous towns--this rebellion came to be known as the Zapatista Uprising. Ultimately‚ the EZLN demanded for “direct democracy‚ redistribution of land‚ and improvement of social
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