Page 9 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
P. 9

Implications: Normal tax relief




                                                          provided






          In the hands of the person



          • The person is deemed to have disposed of a



               capital asset at base cost, and an allowances


               asset or trading stock asset at tax value.




          • The tax effect is that the person does not realize a


               recoupment, capital gain or trading profit.




          • As consideration for the disposal of the asset, the


               person acquires equity shares in a resident



               company.



                                                                                                                                      9
   4   5   6   7   8   9   10   11   12   13   14