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Fubuki sale of business

Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › Fubuki sale of business

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  • August 13, 2020 at 2:57 am #580326
    student0001
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    • Topics: 13
    • Replies: 24
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    Dear Sir

    You mentioned in an earlier post that proceeds from sale of business is not taxable, only profits are. In this case, are we ignoring the tax because there is no way to determine the profits from the sale?

    Thanks.

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