It's important for investors and financial advisors to track the cost basis of each investment so that any return
of capital payments can be identified.
The definition of maintenance includes not only monthly payments but
also capital payments or orders for transfer of properties designed to satisfy housing or income needs.
Financial provision for children falls into two main areas: child maintenance and lump
sum capital payments.
The nature of these varies from lease to lease, but generally they entitle the householder to make
further capital payments to the landlord in order to buy further shares in the property.
Sections 86 and 87 attribute those gains to settlors and beneficiaries respectively and may be chargeable on an arising basis or on beneficiaries
receiving capital payments depending on the circumstances.
Over payments are essentially
all capital payments, reducing the principal / loan amount, so no additional interest would be paid if you opted for over payments.
The rating system indicates the likelihood that the issuer will default either on interest or
capital payments.
Up until this month, the husband had been making
the capital payments so his application was concerning future payments.
Partners»
capital payments will increase by 7.5 % per year for the next five years, equating to around # 10m each year.
The lease contains a rent, but the rent is half what it would have been in the open market, to reflect
the capital payment the tenant has made.
The benefit of the use of the assets may constitute
a capital payment in this respect.
There was considerable argument about the precise meaning of maintenance, but the commissioner ruled that it must be either income or
a capital payment made to satisfy an income liability.
This is quite separate to
any capital payment or maintenance that might be arranged between the couple.
They can deduct rental payments under a rule that allows them to deduct any reasonable expense incurred to earn commission income provided it is not
a capital payment.