A company has the following results for the three years to 31 March 2021: Assuming that the
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A company has the following results for the three years to 31 March 2021:
Assuming that the trading loss of £78,900 is carried forward and that maximum loss relief is taken as soon as possible, calculate the company's taxable total profits for each of these three years. Should the company claim less than maximum loss relief in any year?
Transcribed Image Text:
Trading profits/(losses) Income from property Gift Aid donations y/e 31/3/2019 y/e 31/3/2020 (78,900) 11,500 5,000 27,100 9,200 5,000 y/e 31/3/2021 41,300 13,600 5,000
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Trading profits Income from property Less Trading losses bf Less Qualifying charitable donations Tax...View the full answer
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