Page 5 - P6 Slide Taxation - Lecture Day 5 - Trading stock
P. 5
Cost of trading stock
Cost incurred in current or prior year in respect of
acquisition.
Plus
Further costs incurred in terms of IAS 2 to get
trading stock into its current condition and location
(excluding exchange loss in s24I).
Plus
Section 8(5) recoupment included in his income
which was applied in reduction or towards
settlement of the purchase price of that trading
stock.
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