Page 130 - P6 Slide - Taxation - Lecture Day 1

Example

• During its 2015 year of assessment B(Pty) Ltd

borrowed R3.5m to acquire a new

manufacturing machine. During 2016, B (Pty)

Ltd started experiencing financial difficulties

and an amount of R1m was reduced by the

lender. B(Pty) Ltd has not yet repaid any of

the R3.5m.

• 10

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