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Change in asset value when converting company from a CC to a PTY

Posted 24 May 2016

Ksp says:
24 May 2016 at 13:29

When converting from a close corporation to private company, will movable assets cost value change in the books of the company. That is the book value in the close corporation at the end of tax year will now be the cost in the company commencement

TaxTim TaxTim says:
24 May 2016 at 15:17

No there should not be any change in the value.

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