Page 25 - PowerPoint Presentation
P. 25
Question
• James is a doctor. His income from his medical
practice alone means he pays tax at the highest
marginal rate. James started a gardening business
three years ago. His gardening business has made
losses in the previous three years of assessment
although James anticipates that it will eventually
become profitable. James will realise a loss from his
gardening activities in the current year of assessment.
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