3. The property was let on 1 July 2019 at a rent of 3,600 per month...

 

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3. The property was let on 1 July 2019 at a rent of £3,600 per month payal monthly in advanced on 1st day of each month. The tenant was in default and h not paid anything since October 2020 (last payment was on 3 September 2020 The tenant eventually vacated the property on 30 November 2020. Thorax L will be trying to recover the outstanding rental installments. 4. The donations to registered charities are as follows: 16 August 2020 £7,000 13 October 2020 £1,000 12 January 2021 £4,000 The company is accruing donations of £2,000, that it was planning to donate on 31 January 2021. The donation has actually been donated on 1 February 2021. 5. Capital allowances: Capital allowances for year ended 31/08/2020 was £24,598 and for period ended 31/01/2021 was £13,043. 6. The company had trading losses b/f of £13,620 7. The company made a gain on disposal of an asset of £10,425 and had capital losses brought forward of £1,850. The asset was sold on 19 January 2021, For capital allowances the asset has been kept at a separate pool so it was never a main pool asset. Required: a) Calculate the corporation tax payable for the period from 1 September 2020 to 31 January 2021 and state the date/dates when it becomes payable. (21 marks) when would b) If a company is large and is paying corporation tax by installments, the installments be payable for year ended 31 December 2020. (4 marks) 3. The property was let on 1 July 2019 at a rent of £3,600 per month payal monthly in advanced on 1st day of each month. The tenant was in default and h not paid anything since October 2020 (last payment was on 3 September 2020 The tenant eventually vacated the property on 30 November 2020. Thorax L will be trying to recover the outstanding rental installments. 4. The donations to registered charities are as follows: 16 August 2020 £7,000 13 October 2020 £1,000 12 January 2021 £4,000 The company is accruing donations of £2,000, that it was planning to donate on 31 January 2021. The donation has actually been donated on 1 February 2021. 5. Capital allowances: Capital allowances for year ended 31/08/2020 was £24,598 and for period ended 31/01/2021 was £13,043. 6. The company had trading losses b/f of £13,620 7. The company made a gain on disposal of an asset of £10,425 and had capital losses brought forward of £1,850. The asset was sold on 19 January 2021, For capital allowances the asset has been kept at a separate pool so it was never a main pool asset. Required: a) Calculate the corporation tax payable for the period from 1 September 2020 to 31 January 2021 and state the date/dates when it becomes payable. (21 marks) when would b) If a company is large and is paying corporation tax by installments, the installments be payable for year ended 31 December 2020. (4 marks)

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a The corporation tax payable for the period from 1 Se... View the full answer