Words and Phrases - "legal ownership"
18 July 2022 External T.I. 2021-0887121E5 - Feeder Cattle Loan Guarantee Program
Summary Under
Tax Topics - General Concepts - Ownershipmembers of a corporate co-op likely were the beneficial owners of the co-op cattle inventory notwithstanding the documentation’s contrary label
As an economic matter, members of a feeder cattle finance cooperative established under the Co-operative Corporations Act used money borrowed on...
Locations of other summaries | Wordcount | |
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Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Inventory | members of co-op were likely the beneficial owners of cattle purchased with co-op financing notwithstanding that the documents accorded legal and beneficial ownership to the co-op | 442 |