Words and Phrases - "insolvency"
30 January 2024 External T.I. 2023-0991461E5 - Residential Flipped Property Rules - Insolvency
Summary Under
Tax Topics - Income Tax Act - Section 12 - Subsection 12(13) - Paragraph 12(13)(b) - Subparagraph 12(13)(b)(viii)exception applies to a sale to avoid insolvency
An individual disposed of a housing unit to improve a declining financial situation (the costs associated with the housing unit caused the...
Words and Phrases
insolvency