In the year to 31 March 2016 , a company incurred a trading loss of 16 0,000
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In the year to 31 March 2016 , a company incurred a trading loss of £16 0,000 which was carried forward. The company's results for the next two years were:
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Trading profits Loan interest receivable yle 31 March 2017 110,000 55,000 320,000 yle 31 March 2018 1,850,000 60,000 572,000 Chargeable gains Compute the company's taxable total profits for the years to 31 March 2017 and 2018 and identify the tax rate(s) at which the loss is relieved. How would the computation differ if all dates were moved forward by one year ? How would the computation differ if all dates were movedback by one year?
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Notes i In the year to 31 March 2017 trading losses are relieved to the fullest possible extent agai...View the full answer
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