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Determine the effect of the transactions on taxable income

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Reference no: EM132958165

Problem - Chris Arimando, a shareholderl holds 20 000 Jammy Ltd shares that he purchased for the N$20 000 three years ago. During the 2021 year of assessment the market value of his shares in it dropped, and at the end of the 2021 year of assessment they had a market value of N$8 000. Determine the effect of the transactions on the taxable income of the taxpayer concerned.

Reference no: EM132958165

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