Exempt supplies refer to categories of goods or services that are not subject to Value Added Tax (VAT) as stipulated under the Value Added Tax Act 1994.
Factors are critical economic resources and agents involved in the production and distribution of goods and services, encompassing capital, human resources, property resources, entrepreneurial ability, and intermediaries.
Factors of production refer to the resources required to produce economic goods, including land, labor, capital, and entrepreneurial ability. Each factor has an associated cost: rent for land, wages for labor, interest for capital, and profit for the entrepreneur.
Land refers to the earth's surface, encompassing areas that can be owned, developed or transferred through legal means. It is a fundamental component in real estate and economic interests, often including all permanent structures affixed to it.
A phrase used in early English law to encapsulate all types of real estate, encompassing land and other properties inheritable by heirs.
The term 'plot' can refer to a piece of land, a scheme with possible sinister motives, or the act of preparing charts or graphs, often with computer assistance.
In the USA, immovable property, especially land and buildings.
In the USA, immovable property, especially land and buildings.
Real property encompasses land and anything permanently attached to it, including buildings, trees, and certain rights issuing out of, annexed to, and exercisable within or about the land. It forms an essential part of property law.
Realty, also known as real estate, encompasses land and the buildings on it, as well as natural resources like crops, minerals, or water. It involves various facets such as acquisition, sale, management, and legal transactions concerning properties.
