Incidents Of Ownership

Business, Legal & Accounting Glossary

Definition: Incidents Of Ownership




What is the dictionary definition of Incidents Of Ownership?

Dictionary Definition


Any control over property. If you give away property but keep an incident of ownership – for example, you give away an apartment building but retain the right to receive rent – then legally, no gift has been made. This distinction can be important if you’re making large gifts to reduce your eventual estate tax.


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https://payrollheaven.com/define/incidents-of-ownership/
Modern Language Association (MLA):
Incidents Of Ownership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 21, 2021 https://payrollheaven.com/define/incidents-of-ownership/.
Chicago Manual of Style (CMS):
Incidents Of Ownership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/incidents-of-ownership/ (accessed: September 21, 2021).
American Psychological Association (APA):
Incidents Of Ownership. PayrollHeaven.com. Retrieved September 21, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/incidents-of-ownership/

Definition Sources


Definitions for Incidents Of Ownership are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 2 Views.