,CANADA ,CU/OMS                       #A
& ,REV5UE ,AG5CY

              ,9COME ,TAX
          ,9T]PRET,N ,BULLET9
    
,SUBJECT3 ,,9COME ,,TAX ,,ACT
  ,R5TAL ( ,R1L ,PROP]TY 0,9DIVIDUAL
,NUMB]3 ,,IT-#DCD;,R
,DATE3 ,APRIL #CJ1 #AIHB
,REF];E3 ,SEC;N #C 7AL SEC;NS #I & #BAF1
  & SUBSEC;NS #B7#C71 #GD7#A71 #GD7#E71
  #GE7#A71 #AAE7#A71 #ABJ7#A7 &
  #ABJ7#B71 & P>AGRAPHS #FC7#C77B71
  #ABJ7#D77A7 & #ADF7#A77C71 & ,"P
  ,,XIII1 & SUBSEC;NS #AAJJ7#C7 &
  #BFJB7#A7 & ,"P ,,XXVI (! ,9COME ,TAX
  ,REGUL,NS7

  ,? BULLET9 C.ELS & REPLACES ,9T]PRET,N
,BULLET9 ,,IT-#DCD DAT$ ,JULY #BC1 #AIGI
& ,SPECIAL ,REL1SE DAT$ ,SEPTEMB] #AD1
#AIGI4 ,CURR5T REVI.NS >E DESIGNAT$
0V]TICAL L9ES4
                                      #A
              ,,IT-#DCD;,R           A#A
#A4 ,SUBSEC;N #I7#A7 (! ,ACT PRESCRIBES
  T A TAXPAY]'S 9COME =A TAX,N YE> F A
  BUSI;S OR PROP]TY IS ! PR(IT "!FROM =!
  YE>4 ,AL? T SUBSEC;N DOES N DI6]5TIATE
  2T ^! TWO S\RCES ( 9COME1 "! >E O!R
  >1S 9 ! ,ACT ": A BUSI;S IS TR1T$ Z A
  S\RCE ( 9COME DI6]5T F PROP]TY & ":1 Z
  A RESULT1 9COME F A BUSI;S IS SUBJECT
  6A DI6]5T TAX TR1T;T ?AN 9COME F
  PROP]TY4 ,! CRIT]IA = DET]M9+ :E!R A
  R5TAL OP],N C>RI$ ON 0AN 9DIVIDUAL IS
  A S\RCE ( BUSI;S 9COME OR ( PROP]TY
  9COME >E 4CUSS$ 9 #B 6#H 2L &! 9COME
  TAX 3SEQU;ES RESULT+ F ! CLASSIFIC,N (
  R5TAL 9COME Z BUSI;S 9COME OR Z
  PROP]TY 9COME >E 4CUSS$ 9 #I 6#AI 2L4

        ,NATURE ( ,R5TAL ,OP],N
    
#B4 ,! DELEG,N 0! [N] ( R1L PROP]TY ( XS
  MANAGE;T & SUP]VI.N 6AN AG5T W N1 9
  XF1 ALT] ! NATURE (! R5TAL 9COME4 ,IF
  ! R5T+ (! PROP]TY WD H 3/ITUT$ A
  BUSI;S :5 C>RI$ ON 0! [N] HMF1 X    #B
              ,,IT-#DCD;,R           B#A
  W / 2 A BUSI;S :5 "UTAK5 0AN AG5T ON !
  [N]'S 2HALF4
#C4 ,": ! R5T+ ( R1L PROP]TY 6O!RS 0AN
  9DIVIDUAL IS 9CID5TAL TO1 OR IS "P (!
  FABRIC (1 8 BUSI;S1 ! R5T+ W 2 REG>D$
  Z A BUSI;S OP],N & ANY R5TAL 9COME OR
  LOSS W =M "P (! 9DIVIDUAL'S BUSI;S
  9COME OR LOSS2 EXAMPLES >E ! R5T+ (
  TEMPOR>ILY UNUS$ SPACE 9 ! TAXPAY]'S
  FACTORY OR W>EH\SE &! R5T+ ( L& HELD =
  FUTURE EXPAN.N4
#D4 ,": X IS N "P (1 OR 9CID5TAL TO1 AN
  EXI/+ BUSI;S1 ! R5T+ ( R1L PROP]TY 0AN
  9DIVIDUAL IS N1 9 XF1 9DICATIVE (A
  BUSI;S OP],N4 ,X W 2 REG>D$ Z A BUSI;S
  OP],N ONLY :5 ! L&"L SUPPLIES OR MAKES
  AVAILA# 6T5ANTS S]VICES ( "O K9D
--------------------------------------#B
  OR ANO!R 6S* AN EXT5T T ! R5TAL OP],N
  HAS G"O 2Y ! M]E R5TAL ( R1L PROP]TY4
  ,ACLY1 ": ! NATURE (A "PICUL> R5TAL
  OP],N M/ 2 DET]M9$1 X IS ! NUMB] &
  K9DS ( S]VICES SUPPLI$ T W H 6BE
  ASC]TA9$4 ,! SIZE OR NUMB] (        #C
              ,,IT-#DCD;,R           A#B
  PROP]TIES 2+ R5T$1 ! EXT5T 6: _!
  MANAGE;T OR SUP]VI.N O3UPIES ! [N]'S
  "T1 :E!R ! A3OMMOD,N IS R5T$ B>E OR
  PROVID$ ) APPLI.ES OR EV5 "PLY OR
  -PLETELY FURNI%$--N"O ( ^! >E FACTORS
  6BE TAK5 96A3.T 9 DET]M9+ IF ! OP],N
  IS A BUSI;S4
#E4 ,": A BUILD+ IS R5T$ EN BLOC 7E4G41
  AN (FICE BUILD+71 )! L&"L PROVID+ 7IN
  A4I;N1 ( C\RSE1 6! A3OMMOD,N7 ONLY
  MA9T5.E (! BUILD+ Z S* & P]H H1T & AIR
  3DI;N+1 ! R5TAL CLE>LY IS "O ( PROP]TY
  & DOES N 3/ITUTE ! C>RY+ ON (A BUSI;S4
  ,! SAME SITU,N IS 3SID]$ 6EXI/ ": A
  BUILD+ IS R5T$ PIECEM1L 7E4G4 AN A"P;T
  BLOCK7 &! T5ANTS >E PROVID$ ) ONLY ^?
  BASIC S]VICES :1 0CU/OM1 H -E 6BE
  REG>D$ Z AN 9H]5T "P ( T K9D ( PROP]TY
  R5TAL1 E4G43 H1T1 WAT]1 ELEVATOR
  S]VICE1 TELEPH"O 9 LO2Y1 9DOOR OR
  \TDOOR P>K+ SPACES1 LAUNDRY ROOM )
  EQUIP;T = T5ANTS1 MA9T5.E (! BUILD+ XF
  79CLUD+ JANITOR & W9D[ WA%+ S]VICE1
  REPA9T+ ( A"P;TS71 MA9T5.E (        #D
              ,,IT-#DCD;,R           B#B
  ADJAC5T >1S 79CLUD+ SN[ & G>BAGE
  REMOVAL S]VICE7 & MA9T5.E ( ANY
  APPLI.ES & FURNI%+S PROVID$ 9 ! R5T$
  A3OMMOD,N4
#F4 ,IF1 H["E1 S]VICES A4I;NAL 6^? M5;N$
  ABV >E PROVID$1 X IS POSSI# T ! L&"L
  MAY 2 C>RY+ ON A BUSI;S R ?AN M]ELY
  R5T+ R1L PROP]TY1 &! M S]VICES HE
  PROVIDES ! M X 2COMES >GUA# T ? IS S4
  ,AT ? PO9T1 BO? ! BASIC S]VICES &!
  NUMB] & K9DS ( A4I;NAL S]VICES PROVID$
  =1 OR MADE AVAILA# TO1 T5ANTS M/ 2
  3SID]$4 ,= EXAMPLE1 ! L&"L ( AN (FICE
  BUILD+ MAY N ONLY SUPPLY ! S]VICES
  BASIC 6XS OP],N B1 9 A4I;N1 (FICE
  CL1N+ & PROTECTIVE S]VICES 9 RESPECT
  (! R5T$ A3OMMOD,N2 ^! LATT] CD 2 !
  DECISIVE FACTORS 9 A DET]M9,N T A
  BUSI;S IS 2+ C>RI$ ON4 ,9 ! CASE ( AN
  A"P;T BLOCK1 X IS ! EXT5T 6: BASIC &
  A4I;NAL S]VICES >E SUPPLI$ 6T5ANTS T W
  DET]M9E IF XS OP],N IS A BUSI;S4 ,^!
  LATT] MAY 9CLUDE1 B >E N NECESS>ILY
  LIMIT$ TO1 ! SUPPLY+ ( M1LS &       #E
              ,,IT-#DCD;,R           C#B
  DR9KS 6T5ANTS1 A RE/AURANT OR L\NGE ON
  ! PREMISES1 CL1N+ S]VICE =! R5T$
  A3OMMOD,N 7Z 4T9CT F ! BUILD+ XF71
  MAID S]VICE = T5ANTS1 A 3/ANT SUPPLY (
  FRE% L95S1 & WA%ROOM SUPPLIES1
  -MIS.NAIRE OR O!R PROTECTIVE S]VICE1 A
  MAIL & P>CEL PICK-UP & DELIV]Y S]VICE1
  ETC4
#G4 ,! OP],N (A ROOM+ OR LODG+ H\SE T
  DOES NO M ?AN R5T ROOMS IS LIKELY 6BE
  A R5TAL BUSI;S 2C (! SUPPLY+ ( CL1N+ &
  MAID S]VICES1 L95S1 WA%ROOM SUPPLIES &
  S ON4 ,! OP],N (A TRAIL] C\RT OR
  CAMPGR.D ": ALL S]VICES
--------------------------------------#C
  >E PROVID$1 E4G41 LAUNDROMAT1
  CAFET]IA1 SWIMM+ POOL1 %[]S1
  PLAYGR.DS1 ETC4 &! OP],N (A HOTEL1
  MOTEL OR BO>D+ H\SE ( ANY SIZE WD 2 A
  BUSI;S1 B N A R5TAL BUSI;S DUE 6!
  MAGNITUDE ( S]VICES PROVID$4
#H4 ,": TWO OR M 9DIVIDUALS "PICIPATE 9
  A R5TAL OP],N1 ! "Q ( :E!R X IS A
  BUSI;S / M/ 2 DET]M9$ AC 6!         #F
              ,,IT-#DCD;,R           A#C
  PR9CIPLES \TL9$ ABV4 ,! FACT T A R5TAL
  OP],N IS C>RI$ ON 0:AT APPE>S1 OR
  PURPORTS1 6BE A "PN]%IP DOES N1 9 XF1
  JU/IFY AN ASSUMP;N T ! OP],N "!=E M/ 2
  A BUSI;S4 ,":1 H["E1 ! APPLIC,N ( ^?
  PR9CIPLES 9DICATES T A R5TAL OP],N IS
  A BUSI;S1 ! FACT T ! REL,N%IP ( XS
  [N]S APPE>S1 OR IS CLAIM$1 6BE T (
  "PN]S R ?AN M]ELY CO-[N]S T5DS 63FIRM
  ! O!R 9DIC,NS T X IS 9DE$ A BUSI;S4
  7,SEE ! -;TS 9 ,,IT-#IJ 8,:AT IS A
  ,"PN]%IP8047

    ,NATURE ( ,R5TAL ,9COME--,9COME
             ,TAX ,3SEQU;ES
    
#I4 ,C]TA9 SITU,NS ": X W 2 SIGNIFICANT
  6DET]M9E :E!R ! 9COME F ! R5TAL ( R1L
  PROP]TY 0AN 9DIVIDUAL 3/ITUTES BUSI;S
  OR PROP]TY 9COME >E \TL9$ 9 !
  P>AGRAPHS T FOLL[4


                                      #G
         ,ATTRIBU;N ( ,9COME F       B#C
          ,PROP]TY ,TRANSF]R$
    
#AJ4 ,SUBSEC;NS #GD7#A7 & #GE7#A7
  PROVIDE T ANY 9COME OR LOSS >IS+ F
  PROP]TY TRANSF]R$ EI 6! TRANSF]OR'S
  SP\SE OR 6A M9OR IS DEEM$ 6BE 9COME OR
  A LOSS (! TRANSF]OR4 ,E6ECTIVE
  ,DECEMB] #AB1 #AIGI1 SUBSEC;NS #GD7#G7
  & 7#H7 PROVIDE T SUBSEC;N #GD7#A7 W N
  APPLY 6A TRANSF] ( PROP]TY 6A SP\SE :O
  IS LIV+ A"P F ! TRANSF]OR & IS SEP>AT$
  PURSUANT 6A DECREE1 ORD] OR JUDGE;T (A
  -PET5T TRIBUNAL OR A WRITT5 SEP>,N
  AGREE;T4 ,": ! SEP>,N IS PURSUANT 6A
  WRITT5 SEP>,N AGREE;T1 ! SEP>,N M/ 2 (
  AT L1/ TWELVE MON?S DUR,N -M5C+ F !
  DATE ON : ! WRITT5 SEP>,N AGREE;T 0
  5T]$ 9TO1 B ": ! SP\SES C1SE 6LIVE A"P
  F ! TAXPAY] )9 ^? TWELVE MON?S
  SUBSEC;NS #GD7#A7 & 7#B7 APPLY
  RETROACTIVELY 6! -M;E;T (! TWELVE MON?
  P]IOD4 ,SUBJECT 6? EXCEP;N1 SUBSEC;NS
  #GD7#A7 & #GE7#A7 C 2 APPLI$ ONLY :5
  TRANSF]R$ PROP]TY IS PRODUCTIVE (   #H
              ,,IT-#DCD;,R           C#C
  9COME F 8PROP]TY01 S* Z R5TALS4 ,ACLY1
  SUBSEC;NS #GD7#A7 & #GE7#A7 D N APPLY
  6ATTRIBUTE 9COME F A BUSI;S 6!
  TRANSF]OR EV5 IF ! BUSI;S OP]ATES ) "S
  OR ALL (! PROP]TY OBTA9$ ORIG9,Y F !
  TRANSF]OR4 ,NEI W ^! SUBSEC;NS APPLY
  ": A R5TAL OP],N T XF 3/ITUTES A
  BUSI;S HAS BE5 TRANSF]R$ 6A SP\SE OR
  M9OR4 7,= M DETAIL$ 4CUS.N ON
  SUBSEC;NS #GD7#A7 & #GE7#A7 SEE
  ,,IT-#BEH;,R1 8,TRANSF] ( ,PROP]TY 6A
  ,SP\SE0 & ,,IT-#BFJ;,R1 8,TRANSF] (
  ,PROP]TY 6A ,M9OR074

        ,HUSB& & ,WIFE ,"PN]%IP
    
#AA4 ,= FISCAL P]IODS 5D$ PRIOR
  6,DECEMB] #AB1 #AIGI1 ": SP\SES 7
  "PN]S 9 A R5TAL BUSI;S1 ! ,M9I/] MAY1
  0VIRTUE ( SUBSEC;N #GD7#E71 DEEM !
--------------------------------------#D
  5TIRE 9COME F ! R5TAL BUSI;S 6BE 9COME
  ( "O SP\SE4 ,SUBSEC;N #GD7#E7 W 2
  APPLI$ ": "O (! SP\SES NEI          #I
              ,,IT-#DCD;,R           A#D
  ACTIVELY "PICIPATES IN1 NOR 9VE/S 8 OR
  H] [N PROP]TY IN1 ! BUSI;S (! "PN]%IP4
  ,SUBSEC;N #GD7#E7 HAS BE5 REP1L$
  APPLICA# ) RESPECT 6FISCAL P]IODS 5D+
  AF ,DECEMB] #AA1 #AIGI B SEC;N #AJC W
  3T9UE 6BE APPLICA#4

       8,E>N$ ,9COME0 7,P>AGRAPH
              #ADF7#A77C77
    
#AB4 ,R5TAL 9COME F R1L PROP]TY1 :E!R
  BUSI;S OR PROP]TY 9COME1 3/ITUTES
  8E>N$ 9COME0 = PURPOSES ( CALCULAT+ !
  DEDUC;N ALL[A# = REGI/]$ RETIRE;T
  SAV+S PLAN PREMIUMS PD4 ,ON ! O!R H&1
  R5TAL 9COME F *ATTELS OR ANY O!R CLASS
  ( PROP]TY WD 3/ITUTE 8E>N$ 9COME0 = ?
  PURPOSE ONLY IF X C 2 REG>D$ Z 9COME F
  C>RY+ ON A BUSI;S EI AL"O OR Z A "PN]
  ACTIVELY 5GAG$ 9 ! BUSI;S 7SEE #AC 2L7
  S9CE ! PHRASE 8R1L PROP]TY0 9 !
  DEF9I;N ( 8E>N$ 9COME0 M1NS L& &
  BUILD+ ONLY4 ,H["E1 ": R5TALS F
  *ATTELS OR ANY CLASS ( PROP]TY     #AJ
              ,,IT-#DCD;,R           B#D
  9CLUD$ IN1 OR ASSOCIAT$ )1 R1L PROP]TY
  IS RCVD 9 "O AM.T ) R5TAL F R1L
  PROP]TY 7Z1 = EXAMPLE1 :5 A H\SE IS
  R5T$ FURNI%$71 ! ,DE"P;T TAKES !
  POSI;N T1 Z A G5]AL RULE1 NO BR1KD[N (
  S* AM.T NE$ 2 MADE &! TOTAL AM.T ( R5T
  MAY 2 D1LT ) Z 9COME F R1L PROP]TY4

       8,E>N$ ,9COME0 7,P>AGRAPH
              #FC7#C77B77
    
#AC4 ,= PURPOSES ( CALCULAT+ ! * C>E
  EXP5SE DEDUC;NS1 ! 8E>N$ 9COME0 ( AN
  9DIVIDUAL1 Z DEF9$ 9 P>AGRAPH
  #FC7#C77B71 M/ 2 TAK5 96A3.T4 ,?
  DEF9I;N 9CLUDES 8HIS 9COMES F ALL
  BUSI;SES C>RI$ ON EI AL"O OR Z A "PN]
  ACTIVELY 5GAG$ 9 ! BUSI;S0 B DOES N
  9CLUDE 9COME F PROP]TY4 ,?US1 R5TAL
  9COME C 2 9CLUD$ 9 ! CALCUL,N ( 8E>N$
  9COME0 ONLY ": X 3/ITUTES 9COME F A
  BUSI;S T IS C>RI$ ON EI Z A SOLE
  PROPRIETOR%IP OR1 9 ! CASE (A "PN]%IP1
  0A "PN] ACTIVELY 5GAG$ 9 !         #AA
              ,,IT-#DCD;,R           C#D
  BUSI;S4 ,= PURPOSES ( ? P>AGRAPH & #AB
  ABV1 6BE 3SID]$ 8ACTIVELY 5GAG$ 9 !
  BUSI;S0 (A "PN]%IP1 A "PN] WD NORM,Y 2
  EXPECT$ 63TRIBUTE "T1 LAB\R & ATT5;N
  6T BUSI;S 6A SU6ICI5T EXT5T T S*
  3TRIBU;NS WD 2 A DET]M9ANT 9 !
  SU3ESS;L OP],N (! BUSI;S4

       ,ALLOC,N ( ,9COME F ,R5TAL
      ,OP],NS 6A ,"PICUL> ,PROV9CE
    
#AD4 ,": AN 9DIVIDUAL :O IS A RESID5T (
  ,CANADA E>NS OR RCVS R5TAL 9COME F R1L
  PROP]TY 9 A PROV9CE OR T]RITORY1 ALL
  R5TAL 9COME1 :]"E E>N$ OR RCVD1 IS
  DEEM$ 6BE 9COME E>N$ 9 ! PROV9CE OR
  T]RITORY 9 : ! 9DIVIDUAL RESIDES ON !
  LA/ "D (! TAX,N YE>1 IF ! R5TAL 9COME
  3/ITUTES 9COME F PROP]TY4 ,ON ! O!R
  H&1 IF ! R5TAL 9COME 3/ITUTES BUSI;S
  9COME1 ! R5TAL 9COME M/ 2 ALLOCAT$ 6!
  P]MAN5T E/ABLI%;T 9 !

                                     #AB
              ,,IT-#DCD;,R            #E
  PROV9CE "? : X 0 E>N$ 9 A3ORD.E ) ,"P
  ,,XXVI (! ,REGUL,NS4

     ,R5TALS ,RCVD 0,NON-,RESID5T F
    ,R1L ,PROP]TY ,SITUAT$ 9 ,CANADA
    
#AE4 ,": ! R5T+ ( R1L PROP]TY 0A NON-
  RESID5T 9DIVIDUAL IS A BUSI;S C>RI$ ON
  9 ,CANADA1 ! TAXA# 9COME W 2 -PUT$
  PURSUANT 6SUBSEC;N #AAE7#A74 ,!
  9DIVIDUAL W 2 TAXA# "U ,"P ;,I 0VIRTUE
  ( SUBSEC;N #B7#C7 &1 9 A4I;N1 PAY
  PROV9CIAL 9COME TAX ON ! R5TAL 9COME
  E>N$ 9 A PROV9CE4 ,9 CALCULAT+ TAXA#
  9COME1 ! 9DIVIDUAL W 2 ELIGI# = ,"P
  ;,I DEDUC;NS 79CLUD+ ,DIVI.N ;,C
  DEDUC;NS 6! EXT5T SET \ 9 ,,IT-#AGA
  8,TAX,N ( ,NON-,RESID5TS--,DET]M9,N (
  ,TAXA# ,9COME ,E>N$ 9 ,CANADA074
#AF4 ,": ! NON-RESID5T'S R5TAL OP],N IS
  F.D N 6BE A BUSI;S OR "P (A BUSI;S1 !
  9COME "!FROM IS N -PUT$ "U SUBSEC;N
  #AAE7#A74 ,9/1D1 ! 9DIVIDUAL W 2
  SUBJECT 6,"P ,,XIII TAX ON !       #AC
              ,,IT-#DCD;,R           A#E
  GROSS AM.T ( R5T RCVD4 ,ALT]NATIVELY1
  ! 9DIVIDUAL MAY ELECT "U SEC;N #BAF
  6FILE AN 9COME TAX RETURN & PAY TAX "U
  ,"P ;,I ON T 9COME1 Z ?\< HE 7 A P]SON
  RESID5T 9 ,CANADA1 B )\T 2+ ALL[$ ANY
  DEDUC;NS F T 9COME =! PURPOSE ( -PUT+
  TAXA# 9COME 7I4E4 ,DIVI.N ;,C
  DEDUC;NS74 7,SEE ,,IT-#CIC 8,ELEC;N RE
  ,TAX ON ,R5TS & ,TIMB] ,ROYALTIES--
  ,NON-,RESID5TS074 ,FUR!R IF ! NON-
  BUSI;S R5TAL 9COME IS ! ONLY 9COME T
  AN 9DIVIDUAL :O 0 NON-RESID5T "?\T !
  YE> WD REPORT 9 AN 9COME TAX RETURN "U
  SUBSEC;N #BAF7#A71 !N "! IS NO 89COME
  E>N$ 9 ! YE> 9 A PROV9CE0 )9 P>AGRAPH
  #ABJ7#D77A71 S9CE SUBSEC;N #BFJB7#A7
  (! ,REGUL,NS 9 E6ECT PROVIDES T !
  9COME E>N$ 9 A PROV9CE 0AN 9DIVIDUAL
  :O DID N RESIDE 9 ,CANADA AT ANY "T 9
  ! TAX,N YE> DOES N 9CLUDE 9COME F
  PROP]TY4 ,X FOLL[S T ! 9DIVIDUAL IS
  LIA# =! A4I;NAL TAX "U SUBSEC;N
  #ABJ7#A7 ^U ! R5TAL 9COME SUBJECT 6!
  ELEC;N & T HE W N 2 REQUIR$ 6PAY   #AD
              ,,IT-#DCD;,R           B#E
  PROV9CIAL 9COME TAX ON ! R5TAL 9COME
  E>N$ 9 AN AGREE+ PROV9CE4

      ,-PUT,N ( ,NET ,R5TAL ,9COME
    
#AG4 ,! "*IZ,N ( R5TAL 9COME W1 9 "S
  9/.ES1 AL A6ECT ! DEDUC;NS : MAY 2
  CLAIM$ 9 -PUT+ NET R5TAL 9COME4 ,=
  9/.E1 AN AM.T PD =A UTIL;Y S]VICE
  3NEC;N IS DEDUCTI# Z AN EXP5SE ONLY 9
  -PUT+ 9COME F A BUSI;S4 ,9 O!R CASES1
  ! "*IZ,N W A6ECT ! QUANTUM ( AN
  O!RWISE DEDUCTI# AM.T1 Z SET \ 2L4

    ,CAPITAL ,CO/ ,ALL[.E ,CLAIMS--
     ,R5TAL ,PROP]TY V]SUS ,BUSI;S
                ,PROP]TY
    
#AH4 ,:E!R ! R5T+ ( R1L PROP]TY 0AN
  9DIVIDUAL IS A BUSI;S OR N1 !
  DEPRECIA# PROP]TY 7IE4 A BUILD+ O!R
  ?AN A BUILD+ ( ,CLASS #CA OR #CB7 IS
  3SID]$ A 8R5TAL PROP]TY0 = PURPOSES (
  CAPITAL CO/ ALL[.E4 ,! AM.T (      #AE
              ,,IT-#DCD;,R           C#E
  CAPITAL CO/ ALL[.E ! 9DIVIDUAL MAY
  CLAIM IS RE/RICT$ 0SUBSEC;N #AAJJ7#AA7
  (! ,REGUL,NS
--------------------------------------#F
  Z SET \ 9 ,,IT-#AIE;,R#B 8,R5TAL
  ,PROP]TY--,CAPITAL ,CO/ ,ALL[.E
  ,RE/RIC;NS04

    ,CAPITAL ,CO/ ,ALL[.E ,CLAIMS--
         ,TAX,N ,YE> ( ,LESSOR
    
#AI4 ,": ! R5T+ ( R1L PROP]TY 0AN
  9DIVIDUAL IS A BUSI;S1 ! TAX,N YE> 9
  RESPECT (! R1L PROP]TY-M1NS1 = CAPITAL
  CO/ ALL[.E PURPOSES1 ! FISCAL P]IOD (!
  BUSI;S 5D+ 9 ! CAL5D> YE>4 ,ON ! O!R
  H&1 ": ! R5TAL OP],N IS N A BUSI;S1 !
  TAX,N YE> = : ANY CAPITAL CO/ ALL[.E 9
  RESPECT (! R1L PROP]TY MAY 2 CLAIM$ IS
  ALW ! CAL5D> YE>4 ,! 4T9C;N 2T BUSI;S
  PROP]TY & NON-BUSI;S PROP]TY IS (
  IMPORT.E 9 ! APPLIC,N ( ,REGUL,N
  #AAJJ7#C71 Z SET \ 9 ,,IT-#AGB;,R
                                     #AF
              ,,IT-#DCD;,R           A#F
  8,CAPITAL ,CO/ ,ALL[.E--,TAX,N ,YE> (
  ,9DIVIDUALS04

        ,TRAVEL ,EXP5SE ,CLAIMS
    
#BJ4 ,! EXT5T 6: TRAVEL EXP5SES >E
  DEDUCTI# :5 ! R5TAL OP],N IS A BUSI;S
  & :5 X IS N IS -;T$ ON 9 P>AGRAPHS #AJ
  6#AB ( ,,IT-#AHJ 8,AUTOMOBILE ,EXP5SES
  ,CLAIM$ 0,SELF-,EMPLOY$ ,9DIVIDUALS04













                                     #AG