Following the Spanish exodus of 1763, twenty years of British rule, and the retrocession of Florida to Spain in 1784, C�spedes faced many problems concerning the disposition of property; his manner of addressing them was expeditious and suitable to the complex situation in St . Augustine.
22.
The Court was asked to determine whether the exchange of different mortgages by a savings and loan association was a " disposition of property " under of the Internal Revenue Code ( since this was the requirement for them to realize, and deduct, their losses on these mortgages ).
23.
The Liberty Bell, for example, is inscribed with a phrase from King James'Leviticus : " Proclaim liberty throughout all the land unto the inhabitants thereof . " Alter says that passage does not deal with liberty but with legal arrangements regarding the disposition of property in the Jubilee year, when slaves are to be set free.
24.
It should also be noted that ?1001, determination of amount of and recognition of gain or loss, provides a definition for sale or disposition of property, which is broader than ?1222 s sale or exchange definition, as sale or exchange are not the only ways to dispose of property.
25.
An individual's taxable income is based on the following eight types of income : compensation ( salary ); interest; dividends; net profits from the operation of a business, profession or farm; net gains or income from the dispositions of property; net gains or income from rents, royalties, patents and copyrights; income derived through estates or trusts; and gambling and lottery winnings ( other than Pennsylvania Lottery winnings ).
