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HKL Tax Law

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Amended Tax Returns

Trust Prevented from Going Back on Its CCA Filing

EL · July 14, 2022 ·

The St. Benedict Catholic Secondary School Trust (the “Trust”) had a leasehold interest in the school bearing its name and surrounding land (class 13 property). From 1997 to 2003, the Trust claimed CCA and triggered non-capital losses (“NCLs”).

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