Page 14 - F6 - Capital Gains Tax - Debt Reduction

Effect For Debtor:

Capital asset Allowance asset

Asset still held @ date of debt reduction

Base cost reduced with Base cost reduced with
"reduction amount" "reduction amount"

Where base cost is reduced to R0, = Where base cost is reduced to R0, =

balance of the "reduction amount" balance of the "reduction amount"

is applied against any leads to a recoupment ito s 19
assessed capital loss of the Act