Page 38 - Taxation F6 - The South African Tax System
P. 38

General Deductions







          • Most deductions are deducted by virtue of the



               general deduction formula comprising:



          • 11(a) sets out what may be deducted(posetive



               test)




          • 23(g)sets out what may not be



               deducted(negative test)




          • For a deduction to be allowed the person


               must be carrying a trade.






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