Tiffanyv53261 Tiffanyv53261
  • 25-04-2024
  • Law
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What is the consequence of a debt being established as a bad debt as per ITA 50(1)?
1) It leads to an immediate capital gain.
2) The debt is deemed disposed of for nil proceeds.
3) The debtor is charged a penalty.
4) The creditor is compensated.

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