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  • 40 Purchases and other costs



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Show at B the cost of direct materials used for manufacture, sale or exchange in deriving the gross proceeds or earnings of the business.

    Former STS taxpayers still using the STS accounting method

    If the trust is eligible and has chosen to continue using the STS accounting method, only show at B purchases and other costs which the trust has paid. See appendix 14.

    Last modified: 13 Aug 2014QC 22968