Can interest incurred on the acquisition of shares in a private company be added to base cost?

No – this is specifically prohibited by paragraph 20(2)(a) of the Eighth Schedule. In the case of listed shares and unit trusts, however, paragraph 20(1)(g) allows one-third of the interest incurred to be added to base cost.
 
Last Updated: 04/08/2014 3:13 PM     print this page
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