The General Deduction Formula

1. Expenditure & losses

1.1. Joffe & Co

1.1.1. Negligence

1.2. Port Elizabeth Tramway

1.2.1. Non-negligence

2. During the year of assessment

2.1. Golden Dumps

2.1.1. @ conclusion of dispute

2.2. Sub-Nigel Ltd

2.2.1. Time of deduction

3. Actually incurred

3.1. Nasionale Pers Bpk v KBI

3.1.1. Provisions

3.2. Edgars Stores Ltd

3.2.1. Unconditional legal obligation

3.3. Golden Dumps

3.3.1. Dispute

4. In the production of income

4.1. Port Elizabeth Tramway

4.1.1. Non-negligence

4.2. Joffe & Co

4.2.1. Negligence

4.3. Provider

4.3.1. Service packages

4.4. Mobile Telephone Network Holdings Ltd

4.4.1. Apportionment

5. Not of a capital nature

5.1. New State Areas Ltd

5.1.1. Fixed vs. Floating Capital

5.2. Rand Mines

5.2.1. Create vs. Work a capital structure