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b) There are significant differences between employment and profession. Discuss the different tax treatments for each of the items below: i. Capital allowance ii. Losses

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b) There are significant differences between employment and profession. Discuss the different tax treatments for each of the items below: i. Capital allowance ii. Losses carried forward iii. Basis of assessment iv. Deductions (12 marks) (6 c) Deseribe 3 inherent characteristics of employment. Marks) [Total: 25 Marks

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