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t. e. Section 162 (a) of the Internal Revenue Code (26 U.S.C. § 162 (a)), is part of United States taxation law. It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1] If an expense is not deductible, then Congress considers the cost ...
Ordinary residence is established if there is a regular habitual mode of life in a particular place "for the time being", "whether of short or long duration", the continuity of which has persisted apart from temporary or occasional absences. The residence must be voluntary and adopted for "a settled purpose". A person can be ordinarily resident ...
At common law, a person's habitual residence is a question of fact determined on a case by case basis. Canadian courts have not provided a clear definition on the term; however, the word “habitual” qualifying the term “residence” suggests that more than just physical presence is required to find someone to be a habitual residence of a ...
Transferred intent. Transferred intent is the legal principle that intent can be transferred from one victim or tort to another. [1] In tort law, there are generally five areas in which transferred intent is applicable: battery, assault, false imprisonment, trespass to land, and trespass to chattels.
The bona fide residence test, like the physical presence test, comprises one way that an individual can qualify for the foreign earned income exclusion from United States income tax. In order to qualify for the bona fide residence test, an individual needs to reside in a foreign country for an uninterrupted period that includes an entire tax year.
The Hong Kong identity card (officially HKIC, [2] [3] commonly HKID) is an official identity document issued by the Immigration Department of Hong Kong. According to the Registration of Persons Ordinance (Cap. 177), all residents of age 11 or above who are living in Hong Kong for longer than 180 days must, within 30 days of either reaching the age of 11 or arriving in Hong Kong, register for ...
In tertiary education in the United Kingdom, the term home student is used to refer to those who are eligible to pay university tuition fees at a lower rate than overseas students. In general, British, and Irish citizens qualify for home student status only if they have been "ordinarily resident" in the UK for three years prior to the start of ...
Market value is the prevailing, but not exclusive measure of determining the just compensation owed to a landowner under the Fifth Amendment. Fair Market Value is defined by appraisers as the most probable price, in terms of cash that would be paid by a willing buyer to a willing seller, each being fully informed of the property's good and bad features, with the property being exposed on the ...