Page 58 - P6 Slide - Taxation - Lecture Day 1

Standard TAB formula (par 30(1))

• m

Y Amount to calculate

B Qualifying expenditure before 1 Oct 2001 (par 20)

P Proceeds (less selling expenses) (par 35)

N Number of years from date of acquisition of asset until day before 1 Oct 2001

(limited to 20 if par 20 expenditure was incurred in > 1 yoa.)

T Number of years from 1 Oct 2001 until date of disposal