Page 34 - Taxation Exam Revision 2018 - Deductions & Capital Allowanances
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ITC EXAM PREP
Capital Allowances & Recoupments
Topic Section
Recoupment • S 8(4)(a): General recoupment provision
(disposal of • S 8(4)(k): Donation, dividend or disposal to
the asset or connected person
reduction of • S 8(4)(e), (eA), (eB), (eC), (eD) & (eE), 13(3), par 65
debt) and 66 of 8thSchedule: Deferred recoupments
• S 19 & Par 12A of 8thSchedule: Concession or
compromise of debt
• S 11(o): Allowance in respect of disposal of assets
(previously scrapping allowance)
• S 20B: Limitation of losses from the disposal of
certain assets (accrualof consideration)
• S 24M: Accrual of unquantified amounts
• Eighth Schedule: CGT
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