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Gross income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Gross income

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • June 18, 2021 at 9:30 am #625648
    Ndambakuwa
    • Topics: 1
    • Replies: 0
    • ☆

    An amount which is received or accrued, does not fall into gross income if it is of a capital nature. The term capital nature is not defined in the Income Tax Act (Chapter 23: 06) and it is therefore necessary to rely on case law to establish the meaning of the term.
    Required
    Explain what is meant by “an amount of a capital nature” using relevant case law. (25 marks)

    June 18, 2021 at 10:23 am #625652
    Tax Tutor
    • Topics: 2
    • Replies: 3929
    • ☆☆☆☆☆

    Sorry but this is nothing to do with ACCA UK Taxation

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