Sale of goods

15/05/1990

Query

Whether the following items are to be treated as income form the sale of "goods" for the purposes of the section : i) foreign exchange gains/losses arising on trading balances; ii) balancing charges on the disposal of trading assets,

Decision

Yes

Corporation Tax

Section 443, Taxes Consolidation Act, 1997

Origin: RLS Division

File ref:CTF 197




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