1887

n Without Prejudice - When and how losses on a share sale are tax deductible : tax

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Abstract

In 1994, Anglovaal Mining, the taxpayer, acquired shares in National Brands. Five years later, during the taxpayer's 1999 year of assessment, these shares were sold at a loss of R159,7m. The taxpayer claimed an income tax deduction equal to the loss in its 1999 tax return.

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/content/jb_prej/10/1/EJC49016
2010-02-01
2016-12-04
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