See Also
Wolf Electric Tools Ltd. v. Wilson (1968), 45 TC 326 (Ch.D.)
Upon being advised by its Indian distributor ("Ralli") that the taxpayer (which carried on business as a mechanical and electrical engineer)...
Doughty v. Commissioner of Taxes, [1927] AC 327 (PC)
On the incorporation of a partnership, the excess of the nominal value of the shares issued over the net book value of the assets transferred was...
Administrative Policy
27 October 2006 External T.I. 2005-0157321E5 F - Winding-up of a wholly-owned corporation
Does the character of a property (here, eligible capital property) acquired by a parent corporation on the winding-up of a wholly-owned subsidiary...
Commentary
As goodwill generally or always is an eligible capital property rather than a capital property, its disposition generally should give rise to an...