(1)     For the purposes of this Part, unless the context otherwise indicates, any word or expression that has been defined in section 1, shall bear the same meaning so defined, and-

 

‘allowance asset’ means-

 

(a)     a capital asset in respect of which a deduction or allowance is allowable in terms of this Act for purposes other than the determination of any capital gain or capital loss; or

 

(b)     any debt contemplated in section 11 (i) or (j);