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Examen

Business Tax / 100% Correct Answers
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7

diciembre 2023

2023/2024

A+
When is a receipt not taxable - If the receipt is wholly unexpected and unsolicited What are the badges of trade? - Profit-seeking motive, frequency and number of similar transactions, modification of asset in order to make it more saleable, nature of the asset, connection with existing trade, financing arrangements, length of ownership, existence of a sales organisation, reason for the acquisition/sale Is amortisation an allowable expense? - No, amortisation is not an allowable expense ...
HenryTom
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