Question
Question 3 ( 10 points) : B3, C1, C2 EXPO Ltd, a UK resident trading company produced the following results for the year ended 31
Question 3 ( 10 points) : B3, C1, C2 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:
1) How much investment income (non-trade loan relationship income) should be included in the taxable total profits?
2) What are the taxable total profits?
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