Search - consideration

Mannix then entered into a second joint venture agreement with the taxpayer (which carried on an earth moving business) and another company under which the taxpayer acquired a 15% interest in Mannix's 40% interest in the first joint venture in consideration for its agreement to make cash payments. ...

Different considerations arise where there is no accounting evidence or where there are two or more principles either or any of which is generally accepted. ...

Bowman TCJ. found that the debts were not extinguished by novation notwithstanding that the creditors acknowledged to CDL that no further consideration was owed to them in respect of the assigned indebtedness, and stated (at p. 1802): "A novation involves the creation of a new contractual relationship, generally where a debtor is released from its obligation to an obligee with the consent of the obligee and the assumption of the obligation by a third party so that a new obligation arises between the obligee and the third party. ...

Andet to share income unequally was not at all motivated by tax considerations. ...

" Earlier in his reasons he stated (at pp. 411-412): Interest is, in general terms, the return or consideration or compensation for the use or retention by one person of a sum of money, belonging to in a colloquial sense, or owed to, another.... ...

Profit- Copyright The trustees of the estate of Earl Haig made an agreement with an author to make the diaries of the late Field Marshall available to him in consideration for a 1/2 share of all profits generated from sales of the resulting biography. ...

Firth transferred minority shareholdings in two companies ("British Acheson" and "High Speed") to it in consideration for treasury shares. ...

.), sold tangible personal property to an Ontario limited partnership for consideration including units of the partnership representing 15% of the outstanding units, and only collected and remitted tax on 85% of the purchase price. ...

However, an agreement evidencing the transfer and the consideration therefor (the obligation of Ponder to issue shares to the syndicate members) was not executed until September 25, 1951, by which date the assets had significantly increased in value. ...

The taxpayer (Arndale Properties) acquired the leasehold interest of SPI at a cost of £3,090,000 and, on the same day, assigned the leasehold asset to a third company in the group for consideration of £3,100,000. ...