Page 32 - P6 Slide - Taxation - Lecture Day 1
P. 32

Included in base cost – par 20









      IF

      •       Interest was incurred on listed shares/


              portfolio of investment scheme and


      •       It was not allowed as a deduction


              for normal tax purposes (s23(f))







      •       Then 1/3 of interest incurred will form part of the base cost
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