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Company Assets

Posted 23 February 2017

Btenda said:
23 February 2017 at 6:32

I own a small business and sold a company vehicle for more than I owed the bank is this profit on sale of assets?

TaxTim Alicia TaxTim Alicia said:
23 February 2017 at 10:38

Yes it is regarded as a company profit on the sale of an asset.
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