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Tax treatment received by a taxpayer for the loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Tax treatment received by a taxpayer for the loss

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
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  • July 27, 2021 at 2:43 pm #629576
    varnsley
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hello Sir. Hope you are doing well

    Question- What are the tax treatment to be given to compensation received by a taxpayer for the loss of the following assets of his business:

    (i) a current or circulating asset (e.g. trading stock);
    (ii) a tangible non-current or fixed capital asset;
    (iii) an intangible asset (e.g., a contract)

    July 27, 2021 at 4:09 pm #629590
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    If you have a problem understanding a part of the answer to a question then please let me know and I will try and help

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