Wealth Tax Motor Car
This query is : Resolved
02 June 2009
Our company have 50 cars.
For Wealth Tax purpose if 49 car's net value is positive & 1 car's value is negative (Because loan amount is greater than WDV).
Then should we net up or to take positive values only?
For Wealth Tax purpose if 49 car's net value is positive & 1 car's value is negative (Because loan amount is greater than WDV).
Then should we net up or to take positive values only?
02 June 2009
You should net up.
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