Taxpayers suffer losses from theft (by customers and/or staff);
from damage by fire, flood or other agency; from bank failure ; and
from a variety of other causes. Such losses as arise in the normal
course of trading are allowable. Insurance (or other) recoveries in
respect of such losses are taxable.
This chapter covers:
| BIM45851 | Of stock or cash by fire etc |
| BIM45855 | Defalcation by employee |
| BIM45860 | Due to bank failure |
| BIM45865 | Sub-postmasters cash deficiencies |
| BIM45870 | When to make deduction |
| BIM45875 | Foreign exchange gains and losses |
