Page 66 - P6 Slide - Taxation - Lecture Day 1

Depreciable assets formulae (par 30(4))

Use when:

• expenditure has been incurred before and on/after VD

AND

• asset qualifies for capital allowances (depreciable asset)

AND

Capital

• the proceeds (not reduced by recoupments) > expenditure
profit

(not reduced by capital allowances)