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How To Determine Tax On Spiritual Siddhis Powers On Fengshui Magickal Rings?
https://en.m.wikipedia.org/wiki/Siddhi
https://www.imperialharvest.com/collections/imperial-tiara-ring
A Fengshui Spiritual Master is selling a fengshui magickal ring on the market for 50 Millions SGD Singaporean Dollars.
His friend decides to give him 25 Millions SGD Singaporean Dollars as a personal gift to his personal bank account.
In return, the Fengshui Spiritual Master decides to sell the 50 Millions SGD Singaporean Dollars fengshui magickal ring for only $5000 SGD Singaporean Dollars to his friend and this huge discounted sale has nothing to do with the 25 Millions SGD Singaporean Dollars personal gift to the Fengshui Spiritual Master’s personal bank account.
Also the Fengshui Spiritual Master decides to empower the $5000 SGD Singaporean Dollars fengshui magickal ring with Zillions of SGD Singaporean Dollars worth of Spiritual Magickal Siddhis Powers.
Question:-
How do the tax authorities and other governmental authorities quantify the value of the sale of the fengshui magickal ring?
Would the governmental authorities quantify the dollar sales of the fengshui magickal ring at $5000 SGD Singaporean Dollars as sold to the Fengshui Spiritual Master’s friend?
Or would the governmental authorities quantify the dollar sales of the fengshui magickal ring at 25 millions SGD Singaporean Dollars because of the personal gift of 25 millions SGD Singaporean Dollars to the Fengshui Spiritual Master’s personal bank account from the Fengshui Spiritual Master’s friend?
Or in the worst case scenario, would the governmental authorities quantify the dollar sales of the fengshui magickal ring at Zillions of SGD Singaporean Dollars because that is the amount of Zillions of SGD Singaporean Dollars worth of Spiritual Magickal Siddhis Powers in the fengshui magickal ring?
https://en.m.wikipedia.org/wiki/Siddhi
https://www.imperialharvest.com/collections/imperial-tiara-ring
A Fengshui Spiritual Master is selling a fengshui magickal ring on the market for 50 Millions SGD Singaporean Dollars.
His friend decides to give him 25 Millions SGD Singaporean Dollars as a personal gift to his personal bank account.
In return, the Fengshui Spiritual Master decides to sell the 50 Millions SGD Singaporean Dollars fengshui magickal ring for only $5000 SGD Singaporean Dollars to his friend and this huge discounted sale has nothing to do with the 25 Millions SGD Singaporean Dollars personal gift to the Fengshui Spiritual Master’s personal bank account.
Also the Fengshui Spiritual Master decides to empower the $5000 SGD Singaporean Dollars fengshui magickal ring with Zillions of SGD Singaporean Dollars worth of Spiritual Magickal Siddhis Powers.
Question:-
How do the tax authorities and other governmental authorities quantify the value of the sale of the fengshui magickal ring?
Would the governmental authorities quantify the dollar sales of the fengshui magickal ring at $5000 SGD Singaporean Dollars as sold to the Fengshui Spiritual Master’s friend?
Or would the governmental authorities quantify the dollar sales of the fengshui magickal ring at 25 millions SGD Singaporean Dollars because of the personal gift of 25 millions SGD Singaporean Dollars to the Fengshui Spiritual Master’s personal bank account from the Fengshui Spiritual Master’s friend?
Or in the worst case scenario, would the governmental authorities quantify the dollar sales of the fengshui magickal ring at Zillions of SGD Singaporean Dollars because that is the amount of Zillions of SGD Singaporean Dollars worth of Spiritual Magickal Siddhis Powers in the fengshui magickal ring?
