In the case of John Ramig, however, whether his advances to his corporation represented debt or equity would mean the difference between taking an ordinary worthless debt deduction under Section 166 when the debt went bad, or be stuck with a capital loss upon liquidation in some future year.
Introducing a national speed limit would mean the end of the island's remaining derestricted routes, including a section of the Mountain Road between Ramsey Hairpin and Hillberry - part of the TT race circuit.
Introducing a national speed limit would mean the end of the island's remaining de-restricted routes, including a section of the Mountain Road - part of the TT race circuit.