Page 50 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
P. 50
Example - basic
Holder =
receive interest
Anja Ltd enters into an agreement on 1 January
2014 whereby it acquires a financial instrument
with a face value of R100 000 at a discount of 10%.
The financial instrument has a maturity date of 31
December 2015, when an amount of R130 000 will
be repaid. Anja Ltd's financial year ends on 31
December.
The yield to maturity rate is 20,18504%
Calculate the effect on Anja Ltd's taxable income
for the 2014 and 2015 years of assessment.
