Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A taxpayer owns and rents some acres of agricultural land as follows during 2021: marks) Characteristics Acres Owns 15 acres 10 Rents Owns Rents

 

A taxpayer owns and rents some acres of agricultural land as follows during 2021: marks) Characteristics Acres Owns 15 acres 10 Rents Owns Rents Owns Owns acres 12 acres 8 acres 4 acres Crops Ordinary crops Fruit garden Medical plants Ordinary crops Nursery plant for sale 30 Productive desert acres land since 2015 (10 Rental Value & tax Land Rental Value L.E 300 per acre Land tax L.E 63 per acre. Land tax L.E 49 per acre. Total rental value L.E 5000 Rental value L.E 500 per acre Total land tax L.E 2100 Required: Determine tax bracket on March 2021 for revenues of real estate wealth in accordance of tax law 91/2005

Step by Step Solution

There are 3 Steps involved in it

Step: 1

According to the information provided Total rental value from ren... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Taxes And Business Strategy A Planning Approach

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

5th Edition

132752670, 978-0132752671

More Books

Students also viewed these Law questions