Page 137 - P6 Slide - Taxation - Lecture Day 1

Exceptions to par 12A

• When

• Debtor = Company

• Debtor and creditor = Connected persons

• Discharge was made in course or anticipation

of liquidation, winding up or deregistration of

the debtor .To the extent that the amount of

the reduction does not exceed the creditor’s

par 20 expenditure

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