Page 45 - Test 1 Slides - 4. Gross Income
P. 45

GROSS INCOME




            THE MEANING OF SOURCE







          • The starting point to determine the source of income is

              section 9, which contains the source rules.



          • Common law (case law) remains only as the residual

              method for categories of income not addressed by section

              9, for instance rental income and income from annuities.



          • The case law rule of originating cause will continue to be

              used for such income.



















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