TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income from Assets Transferred Without Adequate Consideration to Spouse or Son's Wife is Taxable to Transferor.</h1> Under sections 64(1)(vii) and 64(1)(viii) of the Income Tax Act, if an individual transfers an asset without adequate consideration to another person or association for the benefit of their spouse or son's wife, the income generated from that asset is included in the transferor's income. This applies to both direct and indirect transfers, whether the benefit is immediate or deferred.
TaxTMI 
TaxTMI 
