Following the exercise of the first option, Weststar may elect to have a second option to earn an additional 30% undivided interest
in the Property in consideration for an additional amount of $1,000,000 in exploration expenditures on the property over a period of two (2) years.
The Rocky Mountain Pipeline sale package consists of the Poplar pipeline, the Baker and Powder River gathering systems, Shell Pipeline's undivided interest
(60 percent) in the Little Missouri pipeline, and Shell's stock ownership (78.
A gift of an undivided interest
is a good strategy to use when a taxpayer has a very valuable collectible and is unable to fully use the Sec.
However, it is a question of fact whether payments an employee receives from the employer (under an employment contract or otherwise) are attributable to the employee's transfer of all substantial rights to a patent (or an undivided interest
therein) or are compensation for services rendered.
A co-owner may generally issue an option to purchase its undivided interest
in the property (i.
A tax adviser should consider creating discount opportunities for an estate of a surviving spouse by providing on the death of the first spouse for an undivided interest
in property to pass outright to the surviving spouse and any remaining interest to pass to a QTIP trust for the surviving spouse's benefit.
If Buffy had predeceased Warren, another alternative would be for Warren to give a very small undivided interest
in the portfolio to one of his children, after which Warren and the child could contribute these interests to form the partnership.
Drilling will be conducted by Placer Dome (CLA) Limited ("PDCLA"), as Manager of the Porcupine Joint Venture (the "PJV", a joint venture between PDCLA as to a 51% undivided interest
and Kinross Gold Corporation as to a 49% undivided interest
In Magneson, a California couple exchanged real estate for an undivided interest
in a new real property.
Millstream now retains a 100% undivided interest
in the 18 staked mining claims, consisting of 127 mining claim units in the Falconbridge and Street Townships, Sudbury Mining District, Northern Ontario, Canada.
In the second example, the seller sells an undivided interest
in the business assets (including pre-1993 intangibles) to the buyer for cash; immediately thereafter, the seller and buyer contribute their respective undivided interests
to the partnership.
In 1991, T transferred an undivided interest
in other real property, resulting in gift taxes of $167,011.