Lessee-Purchaser Gains Tax Advantage: Income Tax. Deduction: Business Expense. Where Lessee Purchases Lessor's Reversion Excess Paid over Fair Market Value of Land Is Deductible

1948 ◽  
Vol 1 (1) ◽  
pp. 147
Keyword(s):  
Income Tax ◽  
Market Value ◽  
Fair Market ◽  
Fair Market Value ◽  
Business Expense ◽  
Tax Deduction

scholarly journals ANALISIS REVALUASI ASET TETAP DALAM PENETAPAN PAJAK PENGHASILAN PADA PT. BANK SULUTGO

2018 ◽  
Vol 13 (04) ◽  
Author(s):  
Stefian Polopadang ◽  
Jantje J. Tinangon ◽  
Inggriani Elim
Keyword(s):  
Income Tax ◽  
Market Value ◽  
Fixed Asset ◽  
Fixed Assets ◽  
Qualitative Descriptive ◽  
Fair Market ◽  
The One ◽  
Fair Market Value ◽  
A Company

Tax is the one of the outcome of a company without making any profit directly, therefore in paying tax a company do the effort so the payment becomes a bit less without breaking the rules in tax which is prevail. One of the way to minimize the tax is using one of the accounting policies, revaluation of fixed assets. The formulation of the problem of this research is the role of revaluation of fixed assets in determining incoming tax. The kind of this research which is used, is qualitative descriptive with the theory and using the object of the research in PT. BANK SULUTGO. According to the analysis and research which is suit with regulation 36 Taxation on Income Tax Year 2008 and Decree of the Minister of Finance 486/KMK/2002 that by applying the revaluation the fair market value of the acquired fixed assets newly, where the fair market value of fixed assets can be seen the value of revaluation of fixed assets, then the amount of final income tax imposed at 6%  based on the book 2016 accrording to Minister of Finance Regilation 191 Year 2015.Keywords: Revaluation, Fixed Asset, Income Tax

scholarly journals Donations in kind: An investigation of the value for purposes of section 18A of the Income Tax Act

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Rudie Nel ◽  
Nicolette Klopper
Keyword(s):  
Income Tax ◽  
Market Value ◽  
Design Approach ◽  
Tax Legislation ◽  
Interpretative Analysis ◽  
Managerial Implications ◽  
Fair Market ◽  
Value Add ◽  
Fair Market Value

Orientation: The tax deductibility of donations in kind in terms of the Income Tax Act No. 58 of 1962 in South Africa.Research purpose: The aim of this article is to critically analyse the provisions of section 18A(2)(a)(v) of the Income Tax Act No. 58 of 1962 to determine the value, if any, to be indicated on a section 18A receipt. It is also investigated whether the donee or donor is responsible for determining the fair market value, if such value should be included on a section 18A receipt.Motivation for the study: Addressing uncertainty regarding which amount, if any, should be included on a section 18A receipt for tax purposes in respect of a donation in kind.Research design, approach and method: This article involves a non-empirical interpretative analysis of tax legislation and other literature. The mode of inquiry for the article is qualitative in nature and follows a doctrinal method, which is closely associated with tax research.Main findings: This article highlights the possible ambiguity in the interpretation of section 18A(2)(a)(v) of the Income Tax Act No. 58 of 1962 and that the term ‘nature’ could be construed as including a value.Practical/managerial implications: The donor would have certain tax implications preceding a section 18A deduction which would require the donor to determine the fair market value and could enable the donor to also indicate such fair market value in respect of a donation in kind to the donee.Contribution/value-add: This article contributes to literature by highlighting the uncertainty in respect of the interpretation of tax legislation relating to section 18A.

The Impact of S Corporation Status on Fair Market Value

CFA Digest ◽  
2002 ◽  
Vol 32 (1) ◽  
pp. 89-90
Author(s):  
Frank T. Magiera
Keyword(s):  
Market Value ◽  
Fair Market ◽  
Fair Market Value ◽  
The Impact

Initial Observations on Valuation and Valuation Terminology

2019 ◽  
pp. 99-113
Author(s):  
Nicolaes Tollenaar
Keyword(s):  
Cash Flow ◽  
Market Value ◽  
Option Value ◽  
Enterprise Value ◽  
Going Concern ◽  
Asset Value ◽  
Fair Market ◽  
High Level ◽  
Key Steps ◽  
Fair Market Value

This chapter looks at valuation. It explains that in a restructuring a paper valuation exercise is needed to establish who still is entitled to value and who is not. In a liquidation, where the business is sold to the highest bidder in the market through a proper sale process, a valuation exercise is not required. In liquidation, the value available for distribution is determined by the market. The chapter then offers a high-level outline of the key steps of the valuation exercise in the context of a restructuring. Terminology is defined, such as asset value, cash flow value, going concern value, goodwill, enterprise value, reorganization value, liquidation value, fair market value, and option value.

Introducing Evidence of Contamination and Offsetting Cost of Remediation in Determining Fair Market Value for Eminent Domain Awards: A Review of Interrelationship between Environmental and Acquisition Law

1996 ◽  
Vol 1527 (1) ◽  
pp. 21-30
Author(s):  
Leona D. Jochnowitz
Keyword(s):  
Environmental Remediation ◽  
Environmental Law ◽  
Market Value ◽  
Eminent Domain ◽  
Third Party ◽  
Environmental Laws ◽  
Environmental Liability ◽  
Fair Market ◽  
Procedural Rights ◽  
Fair Market Value

The issue is whether evidence of contamination is admissible and remediation costs may be offset in determining fair market value in eminent domain proceedings. The answer will depend on an analysis of methods of valuation and local acquisition statutes; economic impact of environmental regulation; effectiveness of attempts to resolve issues of environmental liability in the context of eminent domain proceedings; preclusive or nonpreclusive effect of the determination of value on future liability for environmental remediation; and use of the property. To understand these issues, an acquiring agency should view an eminent domain proceeding from the clear vantage point of a potential defendant or plaintiff in an environmental case. How these questions can be decided consistently with both local acquisition law and the other bodies of state and federal environmental law is the subject of a variety of recent court decisions. The theme that arises from the cases is that it appears fair to discount the valuation of property if the owner's procedural rights are satisfied, including determinations as to liability and third-party actions. Nevertheless, once payment is discounted, it is critical that the transferee does not have to pay twice for the same remediation but should be liable under the environmental laws for new or newly discovered contamination. A partial indemnification may be appropriate. In addition, issues regarding just compensation may be raised when an acquiring agency not only values a compensation award at zero but also seeks compensation for remediation costs that exceed the value of the property. Alternatives should be explored for escrowing the remediation costs, inviting the owner to clean up the property now or indemnifying the owner to the extent of the discount against future liability. One solution will not fit all cases, but these and other alternatives will make owners and states more thoughtful when property is acquired and better able to plan for the uncertainties that can arise in environmental liability.

Sign in / Sign up

Export Citation Format

Share Document