Question
EXPO Ltd, a UK resident trading company produced the following results for the year ended 31 March 2022. Trading income 244,000 Rental income 15,000 Bank
EXPO Ltd, a UK resident trading company produced the following results for the year ended 31 March 2022.
|
| |
| Trading income | 244,000 |
| Rental income | 15,000 |
| Bank deposit interest received | 4,000 |
| Bank deposit interest accrued on 31 March 2021 Bank deposit interest accrued on 31 March 2022 | 1,000 2,000 |
| Chargeable gains | 42,000 |
| Qualifying charitable donations | 7,000 |
| Dividends received from UK companies | 30,000 |
There were capital losses of 9,000 brought forward on 1 April 2021.
Required:
- How much investment income (non-trade loan relationship income) should be included in the taxable total profits?
- What are the taxable total profits?
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A History Of Auditing The Changing Audit Process In Britain From The Nineteenth Century To The Present Day
Authors: Derek Matthews
1st Edition
0415648343, 978-0415648349
