Law, 12.08.2020 14:01 court3138

1. The sale of the property in Westfield's case was held not to be ordinary income because
A. There was not both a commercial transaction and an intention to profit from
the resale
B. The property sold had not been held for 12 months
C. They were not in the business of selling property
D. The sale was subject to capital gains tax

Answers: 2

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1. The sale of the property in Westfield's case was held not to be ordinary income because
A....