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Residential estate income: What’s tax exempt and what isn’t?

By

Birgit Kaiser

Posted in Uncategorized On July 15, 2019

By Graeme Palmer   The levy income of a body corporate, share block or an association of persons, such as a home owners association (residential estate), is exempt from income tax by virtue of section 10(1)(e) of the Income Tax Act. However, not all income received by a residential estate is exempt from tax, only…

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