A company has the following results for the three years to 31 October 2020: Assuming that all

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A company has the following results for the three years to 31 October 2020:

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Assuming that all possible claims are made to relieve the trading loss against total profits, calculate the company's taxable total profits for each of the three years.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:00 AM

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A company has the following results for the three years to 31 October 2020: Assuming that all

Question:

Trading profits/(losses) Loan interest receivable Gift Aid donations y/e 31/10/18 121,400 3,300 2,000 y/e 31/10/19 110,700 8,400 2,000 y/e 31/10/20 (141,500) 8,800 2,000

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Trading income Nontrading loan income Less Relief against total profits a Less Relief against total ...View the full answer

Taxation Finance Act 2020

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