Holding land for speculative purposes: Costs & Implications

Holding land for speculative purposes: Costs & Implications

Speculation is the purchase (or sale) of goods with a view to resale (repurchase) at a later date, where the motive behind such action is the expectation of a change in the relevant prices relatively to the ruling price and not a gain accruing through their use, or any kind of transformation effected in them,…

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