Page 10 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
P. 10
Implications: Normal tax relief
provided
• With regards to the date and cost to be
attached to the acquisition of such shares, the
person will be deemed to have:
a) acquired the shares on the date the original
asset was acquired by the person; and
b) at a cost equal to the base cost of a capital
asset or tax value of trading stock.
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