Page 33 - P6 Slide - Taxation - Lecture Day 1
P. 33
Example: Shares
• Quintin acquires 2 000 shares in Ess Ltd (a
company listed on the JSE) at a cost of
R100 000, which he finances by means of a
loan from the bank. During the year of
assessment he incurred interest on the loan of
R15 000.
• Calculate the base cost of the shares
