no it doesn't because it is its trading stock. They book it at cost because it can only be booked at cost for accounting purposes. It's the same a company making cakes that cost them $1 to create a finished product and they sell for $5 on market.
In any event, whether the CGT rules or the trading stock provisions apply, the result is the same as a company doesn't get access to the 50% CGT discount and so any gains are taxed at the same company rate of 30%.
no it doesn't because it is its trading stock. They book it at...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
