Sentences with phrase «disposition at fair market value»

With respect to the 2016 Federal Budget announcement, effective January 1, 2017, switches between Corporate Class mutual funds will no longer benefit from tax - deferred treatment, and instead will be treated as a disposition at fair market value, triggering a capital gain or loss.

Not exact matches

If the participant sells the ISO shares prior to the expiration of these holding periods, the participant recognizes ordinary income at the time of disposition equal to the excess if any, of the lesser of (1) the aggregate fair market value of the ISO shares at the date of exercise and (2) the amount received for the ISO shares, over the aggregate exercise price previously paid by the participant.

I say to clients we could set up a vehicle that's inexpensive and easy, fund it with low basis securities, potentially avoid the capital gain on the disposition of the securities, and get you a tax deduction at fair market value.

They would have been deemed to have sold the property at fair market value on their death — a so - called deemed disposition.

If a parent gifts an adult - child real estate, the CRA considers this transfer of ownership as a disposition: a virtual sale of the property at fair market value.

However, a gift of assets to a non-spousal trust that names other persons as beneficiaries usually results in a disposition of those assets at fair market value for income tax purposes.

Is it $ 900K minus $ 600K, minus the cost of disposition; or $ 900K minus whatever the deemed fair market value of the property at the time when I moved out in 2013, minus the cost of disposition?

(Under CRA rules, a change in use translates to a deemed disposition, which, in simple terms, means you theoretically sold the property at fair market value when you decided to change its use.)

Notwithstanding the foregoing, in the event that the originally scheduled trial date is continued for any reason, and upon motion of any party, the court after hearing shall require the tenant or occupant claiming under this section to deposit with the clerk of the court, the plaintiff's attorney, or other secure depository each month (or at such other intervals as the court deems just) the amounts due for use and occupancy, calculated according to the fair market value of the premises, which amounts shall be held in escrow pending final disposition, unless the court determines that such requirement would result in undue hardship to the tenant or occupant.