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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Capital gains - Revaluation at market value results in notional ...

Income Tax

November 7, 2016

Capital gains - Revaluation at market value results in notional imaginary profit which cannot be taxed. Revaluation of an asset which an assessee continues to hold is not a taxable event and does not give rise to any taxable income - No tax liability - AT

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