SDL 0.00% 0.6¢ sundance resources limited

we have a spokesperson, lets go for it!, page-46

  1. 5,372 Posts.
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    Dondeal,

    I would imagine that each contributors contribution would be treated as follows for tax purposes -

    for a trader - as a legitimate tax deduction,
    for a non-trader - as an addition to the cost base of the asset.

    for westcott to claim a tax deduction for the costs, he would have to declare the the income he received from the contributors first.

    Westcott would not benefit 1 iota, other than a freebie from contributors.

    DYO(tax)R

 
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