Page 65 - F6 Slide - Taxation - Lecture Day 2 Class

Question

• James is a doctor. His income from his medical

practice alone means he pays tax at the

highest marginal rate. James started a

gardening business three years ago. His

gardening business has made losses in the

previous three years of assessment although

James anticipates that it will eventually

become profitable. James will realise a loss

from his gardening activities in the current

year of assessment.

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