Page 3 - Non-residence taxation

General Deductions – Court Cases

1.Carrying on a trade

1.1 Burgess: Trade should be interpreted

widely (incl. single activity)

1.1.1 incl 'venture’ being a transaction in

which a person risks something with object

of making a profit

2.Expenses And Losses

2.1 Joffe: expenses = voluntary

nature losses = involuntary nature

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