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" Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate... "
To Provide Revenue for War Purposes: Hearings Before the Committee on ... - Page 480
by United States. Congress. Senate. Committee on Finance - 1918 - 656 pages
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Cases Decided in the Court of Claims of the United States, Volume 84

United States. Court of Claims - Claims - 1937 - 710 pages
...incurred. Moreover, section 215 (b) of the Revenue Act of 1918 provides that there may be no deduction for any amount paid out for new buildings or for permanent improvements or betterments to increase the value of any property or estate, and, as the asset acquired was a longterm lease, which...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - Finance, Public - 1922 - 1102 pages
...Revenue for his decision. No deduction as expenses is allowed by the law in any case in respect of any amount paid out for new buildings, or for permanent...made to increase the value of any property or estate. Richard R. Doerschuck v. United States. — United States District Court (TD 3170). A dividend paid...
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A Treatise on the Federal Income Tax Under the Act of 1894, Volume 3

Roger Foster, Everett Vergnies Abbot - Income tax - 1895 - 1126 pages
...must not exceed the average paid out for such purposes for the preceding five years. Amounts expended for permanent improvements or betterments, made to increase the value of any property or estate, cannot be deducted. Suling, 1 IRR 140. Repairs must be distinguished from permanent improvements. The...
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Digest of Decisions and Regulations Made by the Commissioner of Internal ...

United States. Internal Revenue Service - Internal revenue law - 1906 - 310 pages
...deducted not to exceed the average paid out for such expenses during five preceding years. Expenses for permanent improvements or betterments made to increase the value of any property or estate can not be deducted. If a farmer buys stock in 1862 for $500 and sells the same for $1,000 in 1864,...
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Income Tax Procedure

Robert Hiester Montgomery - Excess profits tax - 1920 - 1302 pages
...deduction shall in any case be allowed in respect of — (a) Personal, living, or family expenses; (b) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate ; (c) Any amount expended in restoring property or in making good the exhaustion thereof for which...
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State Finances, Volume 3, Issue 6

New York (State). Comptroller's Office - Finance - 1919
...section 361 that no deduction shall be allowed in respect of (a) personal, living or family expenses; (b) any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; (c) any amount expended in restoring property or in making good the exhaustion thereof, for which an...
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To Provide Revenue for War Purposes: Hearings... on H.R. 12863...

United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...would not accomplish the result? Mr. ALLPORT. That would probably accomplish what I have to present. But I will add that in section 215, clause (b), "...property or estate " is an item not deductible. So far as fhe bill itself is concerned, one clause practically contradicts the other as to the judgment of the...
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United States Revenue Act, 1918: Annotated and Indexed. Passed, 1919 ...

National City Company, United States - Internal revenue law - 1919 - 104 pages
...deduction shall in any case be allowed in respect of — 76. (a) Personal, living, or family expenses; 77. (b) Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; 78. (c) Any amount expended in restoring property or in making good the exhaustion thereof for which...
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Acts of the General Assembly of the State of Alabama

Alabama - Law - 1919 - 1476 pages
...income no deduction shall in any case be allowed in respect of: (a) personal, living or family expenses; (b) any amount paid out for new buildings, or for...made to increase the value of any property or estate ; (c) any amount expended in restoring property or in making good the exhaustion thereof, for which...
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Federal Taxes: Complete Digest of the Revenue Law, Fixing the Rates for 1918 ...

Ewell D. Moore - Taxation - 1919 - 40 pages
...a source in the US ITEMS WHICH CANNOT BE DEDUCTED: (Sec. 215). Personal, living or family expenses; Any amount paid out for new buildings or for permanent...made to increase the value of any property or estate; Any amount expended in restoring property or in making good its exhaustion for which an allowance is...
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