Court of Appeal upholds decision of the Court of First Instance that unrealised gains are not chargeable to profits tax
Court of Appeal upholds decision of the Court of ...
Tax alert - Issue 14, June 2012
In a decision, which will be welcomed by taxpayers and practitioners alike, the Commissioner of Inland Revenue has failed to convince the Court of Appeal that unrealised gains on securities held for trading purposes are chargeable to profits tax.
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