Page 13 - Trading Stock

Anti-avoidance Provision : s23f

 No s11(a) deduction available for stock acquired if

stock was not: No proceeds

 Disposed of or incl. in GI
No s22(1) closing
 Included in closing stock stock incl.

 Cost is carried forward and claimed as s11(a)

deduction in the year of assessment in which:

 Disposed or

 Included in closing stock or

 Destroyed or proves stock lost Deduction for

amounts "actually
paid" 13