hotchpot造句

• These gains and losses do not enter the hotchpot unless the gains exceed the losses.
• Likewise, hotchpot exists in South Africa also with respect to succession under the name " collation ".
• If the result is a gain, both the gain and loss enter the hotchpot and are calculated with any other 1231 gains and losses.
• Hotchpot gains and losses are given preferential status by Section 1231 of the code, a taxpayer-friendly policy that dates back to the World War II era.
• Hotchpot was abolished for persons dying intestate on or after January 1, 1996, by section 1 ( 2 ) of the Law Reform ( Succession ) Act 1995.
• While the average taxpayer may have no need to identify " 1231 gains and losses " as " Hotchpot gains and losses, " that taxpayer likely benefits from the preferential tax treatment.
• In addition, section 1231 ( a ) ( 4 ) ( C ) contains a special rule for the purposes of determining whether a ?1231 gain or ?1231 loss enters the hotchpot.
• If the will provides that the beneficiary receives a percentage of the testator's estate, the court may engage in a hotchpot calculation to determine the amount, if any, that the beneficiary should receive under the will.
• This subsection states that if recognized losses from an involuntary conversion as a result of casualty or from theft, of any property used in the trade or business or of any capital asset held for more than one year, exceed the recognized gains from an involuntary conversion of any such property as a result of casualty or from theft, such losses and gains do not enter the hotchpot.
• The term " hutspot " ( which can be roughly translated as " shaken pot " ) is similar to the English term " hotchpot " and Middle French " hochepot ", both of which used to identify a type of meat-and-barley stew that became synonymous with a confused jumble of mixture, later referred to as'hotchpotch'or'hodge-podge '.
• This preferential status allows hotchpot gains and losses to be treated as long-term capital gains and losses when the gains " are greater than " the losses ( thereby treating the net gain at a more favorable tax rate ), and allows them to be treated as ordinary income and ordinary losses when the gains are " less than or equal to " the losses ( thereby allowing the losses to cancel out the income ) ( Id . at 522 . ) Under the code, long-term capital gains are gains from the sale or exchange of a capital asset held for more than one year, if and to the extent that such gain is considered when computing gross income.