Page 50 - F6 Slide - Taxation - Lecture Day 2 Class
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Specific Deductions
• Restraint of trade
• A payment to a natural person by a taxpayer
from his trade as a compensation for a
restraint of trade is deductible.
• The deduction is spread over a period.
• The deduction is equal to :
• The restraint of trade paid/by number of years
which the restraint applies limited to 1/3.
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