(b)     For the purposes of this subsection –

 

“expenditure” means in relation to unbundled shares acquired as—

 

(i)      trading stock, the amount taken into account prior to the unbundling transaction in respect of the unbundling shares for the purposes of section 11(a) or 22(1) or (2);

 

(ii)     capital assets, the expenditure incurred prior to the unbundling transaction in respect of the unbundling shares that is allowable in terms of paragraph 20 of the Eighth Schedule;

[Subparagraph (ii) substituted by section 37(1)(c) of Act 17 of 2023 with effect from 1 January, 2024 and applicable in respect of the allocation of expenditure to unbundled shares acquired on or after that date]

 

(iii)     . . . . . .

[Subparagraph (iii) deleted by section 37(1)(d) of Act 17 of 2023 with effect from 1 January, 2024 and applicable in respect of the allocation of expenditure to unbundled shares acquired on or after that date]

[Definition of “expenditure” substituted by section 27(1) of Act 20 of 2021 with effect from 1 January, 2022 and applicable in respect of the allocation of expenditure to unbundled shares acquired on or after that date]