Alienation of income

Tax Glossary Definition

Alienation of income

Alienation of Income – The act of transferring the right to receive income from a particular source while retaining ownership of that source. Often referred to as the assignment of income, this concept allows tax authorities to disregard such arrangements so that the income remains taxable to the person who actually owns or controls the income-producing asset.

Example: If an individual assigns future rental income from a property to a family member but continues to own the property, the rental income is still taxable to the original owner.

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