Page 20 - Trading Stock

Recoupments

The provisions of s22(8) will NOT apply (no recoupment) if:

 If proceeds on disposal were/will be included in gross

income ito S1 par (jA) – manufactured assets

 Include in gross income - S1 par (jA)

 Amount received/accrued during y.o.a

 From disposal of asset

 Manufactured, produced, constructed

/assembled by him

 That is similar to any other asset manufactured,

produced, constructed/assembled by him for purpose of

manufacture, sale/exchange
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