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What you should know before claiming a loss from an investment
Business, Lawalliance Limited Company, Published on 19/06/2012
ยป When a corporate taxpayer invests in shares of another company, it normally expects to derive profits in the form of dividends and/or capital gains. As businesses can have good years and bad ones, the law allows deductions in the case of losses, which can be brought forward for no longer than five accounting periods, for calculation of corporate income tax.
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