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ELECTION IN RESPECT OF THE LEASING OF PROPERTY For use by a taxpayer (the less e”) who has leased tangible property and by a person who owns the property and from whom the property has been leased

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What is election in respect of?

Election in respect of refers to a formal declaration or choice made by an individual or entity regarding a specific matter or option.

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The purpose of election in respect of is to enable individuals or entities to formally express their choice, decision, or position on a specific matter, ensuring clarity, accountability, and adherence to applicable laws or regulations.

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