Tax Deferred - Law Dictionary Search Results
Home Dictionary Name: tax deferredtax-deferred
tax-deferred : not taxable until a future date or event (as withdrawal or retirement) ...
Super-tax
Super-tax. This term was first employed in the (English) Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), s. 4, to denote an additional duty of income tax which was then levied upon incomes of over 2,500l., altered to 2,000l. by 10 & 11 Geo. 5, c. 18, per annum. The duty was at the rate prescribed by Parliament in any year.By the (English) Finance Act, 1927 (17 & 18 Geo. 5, c. 10), s. 38, super tax has ceased to become charge-able; instead, income tax is charged at a standard rte and persons whose income exceeds a stated amount pay at a higher rate in respect of the excess. The higher tax on the excess is treated as a deferred instalment of income tax and is called SUR-TAX. See ss. 38 and 40 (ibid.)....
Tax stradle rule
Tax stradle rule, means the rule that a tax-payer may not defer on tax liability by investing a short-term capital gain in a commodities for future option i.e., investment vehicles whose values formerly did not have to be recorded at the end of the year, to create the appearance of a loss in the current tax year, Black's Law Dictionary, 7th Edn., p. 1475.Means good other than those specified in Sch. A. [West Bengal Value Added Tax Act, 2003, s. 2(47)]...
deferred compensation
deferred compensation : current compensation (as wages or salary) deferred until a later time usually for the purpose of investment (as in a retirement plan) ...
Deferred stock
Deferred stock. Stock in a company is frequently divided into 'preferred,' the holders of which are entitled to a fixed dividend payable out of the net earnings of the whole stock, and 'deferred,' the holders of which are entitled to all the residue of the net earnings, after such fixed dividend has been paid to the holders of the 'preferred,' according to the classification in the memorandum or Articles. See also Companies Act, 1929, s. 50, in regard to companies limited by shares or limited by guarantee. See as to railway companies the Regula-tion of Railways Act, 1868 (31 & 32 Vict. c. 119), s. 13, which limits the power to create such stock to cases where a 3 per cent. dividend has been paid for one year, and puts a fixed maximum dividend on the 'preferred' at the rate of 6 per cent....
deferred
deferred : withheld or delayed for or until a stated time [a payment] [ prosecution] ...
deferred annuity
deferred annuity see annuity ...
deferred income
deferred income : current income forgone to produce a later higher income (as at retirement) ...
deferred inspection
deferred inspection See Parolee. Source: U.S. Citizenship and Immigration Services ...
Deferred life annuities
Deferred life annuities, annuities for the life of the purchaser, but not commencing until a date subsequent to the date of buying them, so that if the purchaser die before that date the purchase money is lost....
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