Property Tax - Law Dictionary Search Results
Home Dictionary Name: property taxLease or licence
Lease or licence, it is the creation of an interest in immovable property or a right to possess it that distinguishes a lease from a licence. A licence does not create an interest in the property to which it relates while a lease does. There is in other words transfer of a right to enjoy the property in case of a lease. As to whether a particular transaction creates a lease or a licence is always a question of intention of the parties which is to be inferred from the circumstances of each case. For the purpose of deciding whether a particular grant amounts to a lease or a licence, it is essential, therefore, to look to the substance and essence of the agreement and not to its form, Board of Revenue v. A.M. Ansari, AIR 1976 SC 1813 (1816): (1976) 3 SCC 512: (1976) 3 SCR 661. [Transfer of Property Act, 1882, s. 105]...
possession
possession 1 : the act, fact, or condition of having control of something: as a : actual possession in this entry b : constructive possession in this entry c : knowing dominion and control over a controlled substance or other contraband d in the civil law of Louisiana : the detention or enjoyment of a corporeal thing e : control or occupancy of property actual possession 1 : direct occupancy, use, or control of real property [had actual possession of the land despite a lack of legal title] 2 : direct physical custody, care, or control of property or contraband (as illegal drugs) [actual possession is not necessary to sustain a conviction "State v. Garrison, 896 S.W.2d 689 (1995)"] adverse possession : actual possession of another's real property that is open, hostile, exclusive, continuous, adverse to the claim of the owner, often under a claim of right or color of title, and that may give rise to title in the possessor if carried out for a specified statutory period (as ...
Property-tax
Property-tax, an annual tax, called also 'Income Tax,' on the income of every person, except where below a certain figure. See INCOME TAX and Chit. Stat., tit. 'Property Tax'; and consult the works of Dowell, or Robinson....
property tax
property tax : a tax levied on real or personal property (as by a municipality) compare excise, income tax ...
property tax deduction
property tax deduction the U.S. tax code allows homeowners to deduct the amount they have paid in property taxes from there total income. Source: U.S. Department of Housing and Urban Development ...
Discharge
Discharge, to relieve of a duty. A sheriff is said to be discharged of his prisoner; a prisoner discharged from custody; a jury discharged from the cause. See next title.A rule nisi is discharged when the Court decides that it shall not be made absolute, i.e., that the party who obtained the rule nisi should take nothing, and the suit remain in statu quo. See RULE.In a warrant case instituted otherwise than on a police report, 'discharge' or 'acquittal' of accused are distinct concepts applicable to different stages of the proceedings in Court. The legal effect and incidents of 'discharge' and 'acquittal' are also different. An order of discharge in a warrant case instituted on complaint, can be made only after the process has been issued and before the charge is framed. S. 253(1) shows that as a general rule there can be no order of discharge unless the evidence of all the prosecution witnesses has been taken and the Magistrate considers for reasons to be recorded, in the light of the...
Adjunctio
Adjunctio, the act by which the owner of one thing attaches to or includes in his own property a thing belonging to another. If it cannot be separated again and thereby becomes an extincta res, the property in the whole generally belongs to the person who effected the change. If it can be separated, each owner retains his property, Civil Law....
real estate property tax deduction
real estate property tax deduction a tax deductible expense reducing a taxpayer's taxable income. Source: U.S. Department of Housing and Urban Development ...
recapture
recapture -tured -tur·ing 1 : to capture again 2 : to recover or take (as an excess or gain) by law or agreement ;esp : to recover (a tax benefit) by higher or additional taxation of income or property that ceases to qualify for a credit or deduction or by taxing gain realized from the sale or exchange of such property [the government recaptured the depreciation by taxing the gain resulting from the difference between the sale price and the basis after depreciation] n 1 : the act or process of recapturing 2 : an amount recaptured or subject to recapture ...
larceny
larceny pl: -nies [modification of Anglo-French larcine theft, from Old French larrecin, from Latin latrocinium robbery, from latron- latro mercenary soldier, brigand] : the unlawful taking and carrying away of personal property with the intent to deprive the rightful owner of it permanently ;also : any of several types of theft (as embezzlement or obtaining another's property by false pretenses) that have been traditionally distinguished from larceny NOTE: Under the Model Penal Code and in states that follow it, larceny is a type of theft. In states where larceny is currently defined as a separate crime, it may include the crimes that were distinct from it under common law. grand larceny : felonious larceny of property having a value greater than an amount fixed by law ;also : larceny accompanied by aggravating circumstances (as the use of threats) larceny by trick : larceny of property obtained by the use of misrepresentation esp. in getting an owner to hand over something i...
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