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response. Question 5 Joy Ltd, a UK resident trading company produced the following results for the year ended 31 March 2021 Trading income Rental
response. Question 5 Joy Ltd, a UK resident trading company produced the following results for the year ended 31 March 2021 Trading income Rental income 588,000 28,000 Bank deposit interest received 9,000 Bank deposit interest accrued on 31 March 2020 1,500 Bank deposit interest accrued on 31 March 2021 3,000 Chargeable gains 58,000 Qualifying charitable donations 18,000 Dividends received from UK companies 15,000 There were capital losses of 17,000 brought forward on 1 April 2020 >> Required a. Calculate how much investment income (non-trade loan relationship income) should be included in the taxable total profits? b. What are the taxable total profits? c. What will be the Tax Charged? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial 2 20 V 10pt t T T. + !!! L < = II! F IM FE
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