SPECIAL INCLUSION

Question 1

SPECIAL INCLUSIONS

Answer 1

(1) DIVIDENDS
(2) ANNUITIES
(3) ALIMONY
(4) SERVICES RENDERED
(5) GOVERNMENT GRANT
(6) RECOUPMENTS
(7) RESTRAINT OF TRADE
(8) LUMP SUM BENEFITS
(9) LEASE PREMIUM
(10) COMPENSATION FOR IMPARTING KNOWLEDGE
(11) LEASEHOLD IMPROVEMENTS
(12) PROCEEDS FROM DISPOSAL OF CERTAIN ASSET

Question 2

RESTRAINT OF TRADE

Answer 2

PAYMENT FOR UNDERTAKING NOT TO RENDER SERVICES AND APPLICABLE TO AMOUNT RECEIVED BY:
(1) NATURAL PERSON
(2) LABOUR BROKER
(3) PERSONAL SERVICE COMPANY

Question 3

LUMP SUM BENEFITS

Answer 3

COMPENSATION FOR THE LOSS OR RESTRICTION OF SOME RIGHT AND PAID TO:
(1) to employee or director
(2) by employer or associated institution
(3) due to change or loss of employment

Question 4

LEASE PREMIUM

Answer 4

PAYMENT OVER AND ABOVE NORMAL LEASE PAYMENT:
(1) LESSOR INCLUDE FULL. AMOUNT IN THEIR GI ONCE THEY HAVE RECEIVED IT
(2) AMOUNT TO QUALIFY A PREMIUM MUST PASS FROM LESSEE TO LESSOR

Question 5

COMPENSATION FOR IMPARTING KNOWLEDGE

Answer 5

AMOUNTS RECEIVED FOR THE USE OF ANY KNOWLEDGE OR INFORMATION OR FOR RENDERING OF ANY ASSISTANCE OR SERVICE IN CONNECTION WITH THE KNOWLEDGE OR INFORMATION

Question 6

LEASEHOLD IMPROVEMENTS

Answer 6

LEASE AGREEMENT MUST OBLIGE THE LESSEE TO EFFECT THE IMPROVEMENT:
- INCLUDED IN GI ONCE IMPROVEMENTS ARE COMPLETE
- AMOUNT IN THE CONTRACT OR AGREED ON

Question 7

PROCEEDS FROM DISPOSAL OF CERTAIN ASSETS

Answer 7

SALE OF ASSETS SIMILAR TO TS, ASSETS:
MANUFACTURED
PRODUCED
CONSTRUCTED
ASSEMBLED