Page 127 - P6 Slide - Taxation - Lecture Day 1

Debtor (par 12A)

• Capital asset (not allowance asset)

• Still on hand at time of reduction Reduce

base cost with amount of “reduction amount”

Balance no effect

• Not on hand at time of reduction Reduce

assessed capital loss Balance apply BC

reduction ito par 20(3)(b) (only directly

funded debt)

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