Phrases with «for tax purposes»

The phrase "for tax purposes" refers to a situation where an action is taken or a decision is made primarily for the purpose of minimizing one's tax liability, rather than for any other personal or business-related reason. Full definition

Sentences with «for tax purposes»

  • Whether it's dividends, rental income, capital gains or salary, it should all be treated equally as income for tax purposes, he says. (canadianbusiness.com)
  • You are assumed to be an Australian resident for tax purposes. (moneysmart.gov.au)
  • All currently - owned property will be treated for tax purposes as though it was purchased on that date. (loanbiz.com)
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