If Personal Property Is Leased with Real Property and More

question 129

True/False

If personal property is leased with real property and more than 45% of the rent income under the lease is from personal property, all of the rent income is subject to the unrelated business income tax.

---

Definitions:

Foreign Aid

Economic, technical, or military assistance given by one country to another for purposes of relief and redevelopment, economic stabilisation, or mutual defense.

Surplus Labor

The portion of the labor force that exceeds the amount of labor needed to produce a given level of output, often leading to unemployment.

Capital-Saving Investment

Investments made to increase efficiency or reduce the capital required for production without reducing output.

Technological Advance

It refers to the development and application of new technologies and innovation, which can improve efficiency, productivity, and capabilities in various sectors.