Page 24 - Trading Stock

Share Dealers

Buy and sell shares with INTENTION to

earn income in scheme of profit making

 Shares = trading stock

 Proceeds on shares sold = gross income

 Inventory deductions ito s11(a) and s22

 S10(1)(k)-exemption on dividends

Cost of shares includes: Cost price MAY NOT be

 Cost of acquisition reduced with decrease in

 Interest MV/any other reason

 Commission MUST BE VALUED @

 Registration Fees COST

 Brokers Fees 24