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Episode 61: Valuing trading stock for tax purposes
Taxpayers may value closing stock at less than its cost in certain circumstances. SARS recently issued Interpretation Note 140 on this topic. In this episode, I discuss some of SARS’ views from the interpretation note.
You can contact me at [email protected] if you have any feedback on the episode or would like to suggest a topic for a future episode.
My website contains more resources and articles that may interest you – https://tax.pvdz.co.za. You are welcome to take a look!
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By Pieter van der ZwanTaxpayers may value closing stock at less than its cost in certain circumstances. SARS recently issued Interpretation Note 140 on this topic. In this episode, I discuss some of SARS’ views from the interpretation note.
You can contact me at [email protected] if you have any feedback on the episode or would like to suggest a topic for a future episode.
My website contains more resources and articles that may interest you – https://tax.pvdz.co.za. You are welcome to take a look!