Claim of Right


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Claim of Right

the Scottish counterpart of the English Declaration of Right of 1689, to the effect that James VII of Scotland (and II of England) had forfeited his right to the throne (which was then offered to William and Mary). See BILL OF RIGHTS.
References in periodicals archive ?
A debate on the North-South divide in Voice of the North caught my eye when a writer claimed that Gordon Brown and Alistair Darling have both signed the "Scottish Claim of Right", which means they must treat Scottish "needs" as paramount.
The claim of right doctrine in IRC section 1341 addresses these circumstances.
After all he and Alistair Darling have signed the Scottish Claim of Right, where both swore to hold Scotland's interests paramount "in all their actions and deeds".
The claim of right doctrine requires taxpayers who receive disputed income to treat it as taxable income if there are no restrictions on how they can use this money When there are restrictions as when the disputed money is in an escrow account--they pay taxes on the disputed amount only when and if they receive the money
Claim of right: Under the "claim of right" doctrine, a taxpayer is required to recognize as income in the year received, cash or property that is free of restrictions.
As for the idea that the poor enjoy a claim of right upon rich people who have not abused them, the Torah reads: "You shall neither side with the mighty to do wrong ...
In theft(1) and robbery cases, "claim of right" refers to a claim by the defendant that he has some right to possess the property he took from the victim.
Now that its elites have ceased to be junior partners in the Empire's vestigial trading spoils, the Claim of Right to self-government saturates all fractions of the Scottish polity as never before, and in the same fierce measure as it is denied by the Tory masters of the decaying state to the south, whose absolutist rule over British affairs has been exercised, in the Thatcher-major years, as arrogantly as the royal houses of yore.
Deductions for repayments of amounts included in income under a claim of right must be deductible under some other Code section.
The claim of right doctrine says realization takes place whenever a taxpayer receives an amount without restriction as to how he or she can dispose of it.
1341(a) provides income tax relief for taxpayers required to repay an amount previously included in income under a claim of right. The reduction in tax liability is the greater of the following two calculations.
It has long been an accepted principle of tax law that when a taxpayer receives income under a "claim of right" the income must be reported for tax purposes.