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Jameel plc has the following results. 31.12.17 31.12.18 31.12.19 31.12.20 f f f f Trading income 20.000 30,000 60,000) 6,000 Interest est income 10,000 10,000
Jameel plc has the following results. 31.12.17 31.12.18 31.12.19 31.12.20 f f f f Trading income 20.000 30,000 60,000) 6,000 Interest est income 10,000 10,000 10,000 10,000 Qualifying charitable donations (6.000) (6,000) (6.000) (14,000) Required Calculate the Taxable Total Profits (TTP) for the above periods assuming loss relief is claimed in the most beneficial manner. Show any unrelieved qualifying charitable donations and any loss unrelieved at 31 December 2020. 1.5 Marks Jameel plc has the following results. 31.12.17 31.12.18 31.12.19 31.12.20 f f f f Trading income 20.000 30,000 60,000) 6,000 Interest est income 10,000 10,000 10,000 10,000 Qualifying charitable donations (6.000) (6,000) (6.000) (14,000) Required Calculate the Taxable Total Profits (TTP) for the above periods assuming loss relief is claimed in the most beneficial manner. Show any unrelieved qualifying charitable donations and any loss unrelieved at 31 December 2020. 1.5 Marks
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