TRADING STOCK

Outcomes Per Study Guide

Where do trading stock fit into the tax calculation?

Definition Of Trading Stock

Opening and Closing stock

Example

Solution

Stock Valuation

Closing Stock – S22(1): Valuation

Opening Stock –S22(2): Valuation

Opening Stock: Court Case

Purchases – s11(a)

Anti-avoidance Provision : s23f

Example: s23F

Solution: s23F

Trading Stock: Value Of Cost

Trading Stock - Valuation

Deemed Recoupments - s22(8)

Recoupments

Recoupments

Example

Example (cont)

Solution

Share Dealers

Share Dealers example

Share Dealers example (cont)

Solution

Slide Number 28

Trading stock Capital Asset

Reference