Low1 Ltd is a wholly owned subsidiary of High 1 Ltd Both companies are UK resident and prepare accounts to 31 March each year Results for the year to 31 March 2018 are High1 Ltd Low1 Ltd (180,000) 75,000 Trading profit (loss) 100,000 5,000 Chargeable gains Gift Aid donations 12,000 Show how the tra...

High1 Ltd has taxable total profits of 93000 100000 5000 12000 This s ...

Low1 Ltd is a wholly -owned subsidiary of High 1 Ltd. Both companies are UK resident and

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Low1 Ltd is a wholly -owned subsidiary of High 1 Ltd. Both companies are UK resident and prepare accounts to 31 March each year. Results for the year to 31 March 2018 are:

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Low1 Ltd is a wholly -owned subsidiary of High 1 Ltd. Both companies are UK resident and

Question:

High1 Ltd Low1 Ltd (180,000) 75,000 Trading profit/(loss) 100,000 5,000 Chargeable gains Gift Aid donations 12,000 Show how the trading loss sustained by Low 1 Ltd may be relieved.

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Taxation Finance Act 2017

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