Page 60 - F6 Slide - Taxation - Lecture Day 4

Output Tax: Exempt Supplies (S 12)

l Financial services (ss 2 and 12(a))

SILKE

Examples: 32.11.1

• issue of a loan,

• sale of shares

• interest paid

NOT financial services:

• Fee based financial services

e.g. Bank charges

• Supply of a cheque book