Capital or direct income

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166 Points Posted on 25 May 2023
i am partner in my own hotel, profit share of hotel is capital or direct income for my individual filing
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On 25 May 2023 at 16:48 Report
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This discussion clarifies whether a partner's profit share from a hotel is considered capital or direct income for individual tax filing. The consensus is that it is treated as your income, though it may be exempt under Section 10 of the relevant tax legislation.

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28271 Points Posted on 25 May 2023
It's your income.
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On 25 May 2023 at 18:16
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23 Points Posted on 25 May 2023
But it's expemt under section 10
1 Reply
On 25 May 2023 at 19:17

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