8 years of pre-commencement expenses

Re: 8 years of pre-commencement expenses

Postby Incredulum on Wed Sep 01, 2010 11:24 am

pawncob wrote:Having got everything ready, the trade only commenced when the company began to take in raw materials and turn out its product. This principle is applicable to manufacturing in general.


And what's the difference between building and manufacturing?


Indeed. What IS the difference? Why should a builder not be required to have the second part of the two-legged test satisfied?
Incredulum
 
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