Advance payment discount admissibility: non time framed reductions can be accepted as abatements for assessable value. Where a reduced price is offered for advance payment without any defined time frame and applies even when payment is made immediately before delivery, the reduction is not to be treated as compensation for interest and such discounts may be accepted as allowable abatements for determining the assessable value.
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Advance payment discount admissibility: non time framed reductions can be accepted as abatements for assessable value.
Where a reduced price is offered for advance payment without any defined time frame and applies even when payment is made immediately before delivery, the reduction is not to be treated as compensation for interest and such discounts may be accepted as allowable abatements for determining the assessable value.
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