Sentences with phrase «taxed under the same rules»

Finally, for MECs, if you have loan interest due and you don't pay it, the loan interest will be added to your principal balance and will be subject to income tax under the same rules.

It's more common for property owners to take action to reduce the taxes on their homes; but commercial property is usually taxed under the same rules as residential.

Not exact matches

«The introduction of this policy has also complicated the roll - out of universal credit by diverting most claimants who are responsible for three or more children back to tax credits; and at the same time the policy has been introduced into universal credit under interim rules, with full rules expected to be in force from November 2018.2 «This has created unnecessary complexity and is likely to lead to a great deal of confusion for claimants not only in respect of support for their children but also around which benefit that support will come from.»

«Under the current rules a property that has been a person's private residence in the past, even though they may not be living in the property at the time they sell it, and where they are claiming PPR on another property at the same time, can benefit from the last three years being tax free.

Job hunt expenses are also tax - deductible under these rules, so long as you are searching for a job in the same field as your current job.

Under the special tax rules for mutual funds, you should treat the tax - exempt interest portion of your dividend the same as if you received the tax - exempt interest directly.

Under the rules regarding a disqualifying disposition of incentive stock options, the tax treatment is the same as non-qualified stock options.

Under the proportioning rule, the tax - free and taxable components of the member's super benefit are taken to be paid in the same proportion as the tax - free and taxable components of the member's interest in the super fund.

• amend the definition of a taxi business under the Excise Tax Act to level the playing field and ensure that ride - sharing businesses are subject to the same GST / HST rules as taxis.

Under both federal and state income tax rules, alimony will be deductible by the payor spouse, and is taxable to the receiving spouse, provided that: (1) the payments are in cash and not in kind; (2) the payments are made incident to divorce or to a separation agreement; (3) the parties have not designated the payments as non-alimony; (4) the parties are not living in the same household; and (5) the payor has no liability for payment after the death of the payee spouse.