Page 25 - PowerPoint Presentation
P. 25

ALLOWANCES & CAPITAL GAINS




            TABC








            • The TABC method can only be applied if the


                taxpayer has kept records of expenses incurred in

                respect of the asset.



            • The formula is given in the exam.



            • When do you use each formula lets refer to the


                book.


















                                                                                                                                   25
   20   21   22   23   24   25   26   27   28   29   30