Legal Opinion
Bott v. Commonwealth
Supreme Court of Virginia
Decided June 14, 1948No. Record No. 3319PublishedCited by 11 opinions
1Opinion of the CourtHudgins, C. J.
The question presented by this record is whether money representing rent collected for the owners by a real estate broker from the occupants of three apartment houses and *747in his possession on January 1, is capital used in a “trade or business” and subject to be taxed as such under section 73 of the Tax Code.
The facts are that in 1942, W. M. Bott acquired a one-half undivided interest in three apartment houses located in Norfolk, Virginia, and containing respectively 15, 20, and 24 apartment units. Edward S. Ferebee and Gladys W. Ferebee, his wife, acquired the other one-half undivided…
2Cases cited6 opinions
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Williams v. City of RichmondSupreme Court of Virginia · 1941
- Jones v. RheaSupreme Court of Virginia · 1921
- Bridgewater Manufacturing Co. v. FunkhouserSupreme Court of Virginia · 1913
- State v. HeymannSupreme Court of Louisiana · 1933
1 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Commonwealth Natural Resources, Inc. v. CommonwealthSupreme Court of Virginia · 1978
- Commonwealth v. Appalachian Electric Power Co.Supreme Court of Virginia · 1951
- City of Portsmouth v. Citizens Trust Co.Supreme Court of Virginia · 1976
- Estes v. City of RichmondSupreme Court of Virginia · 1951
- Zurich Insur. Co. v. FriedlanderCourt of Appeals of Maryland · 1971
6 more not listed; retrieve them via the Exa API.