Commentary

C2.220 Insurance premiums

Capital gains tax
Capital gains tax | Commentary

C2.220 Insurance premiums

Capital gains tax | Commentary

C2.220 Insurance premiums

Premiums under insurance policies, insuring the risk of damage, of injury to, or loss or depreciation of an asset are not permissible deductions1. A deduction is allowed, however, for the cost of insurance in respect of a chattel in transit to the point of sale2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial