Solution-Business has commenced is question of fact and

Business has commenced is question of fact and degree

Reference no: EM133513440

Question

Determining when a business has commenced is a question of fact and degree.

When a taxpayer is engaged in only preparatory activities, a business will not have commenced. Explain how the courts have distinguished between activities that are preparation for business as compared to actual business, with reference to relevant case law.

Reference no: EM133513440

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Business has commenced is question of fact and degree

Reference no: EM133513440

Reference no: EM133513440

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