Page 18 - P6 Slide Taxation - Lecture Day 5 - Trading stock
P. 18
Share dealers
• Unlike other trading stock, the cost price of
shares held as trading stock at the end of its
year of assessment may not be reduced on
account of a decrease in market value or any
other reason (s 22(1)). It must be valued at
cost.
• Proceeds with disposal = gross income (except
if section 9C applies)
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