Page 3 - PowerPoint Presentation
P. 3

General Deductions






               • Most deductions are deducted by virtue of the



                    general deduction formula comprising:



               • 11(a) sets out what may be deducted (positive



                    test)



               • 23(g)sets out what may not be


                    deducted(negative test)




               • For a deduction to be allowed the person must


                    be carrying a trade.









                                                                                                                                      3
   1   2   3   4   5   6   7   8