Page 68 - P6 Slide - Taxation - Lecture Day 1

Depreciable assets formulae (par 30(4))

• Depreciable Proceeds formula (par 30(4))

B1 Par 20 qualifying exp before 1 Oct 2001 (not reduced with par 20(3)(a) exp

eg. Wear-and-tear)

P1 Proceeds to be calculated

R1 Proceeds from disposal (less certain selling exp) not reduced with par 35(3)(a)

proceeds subject to normal tax, eg. recoupments

A1 Par 20 qualifying exp on/after 1 Oct 2001 (not reduced with par 20(3)(a) exp
eg. Wear-and-tear)