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SRU Company is preparing its accounts for the year ended on 31st December, 2013. It has income from various sources and made some payments as

SRU Company is preparing its accounts for the year ended on 31st December, 2013. It has income from various sources and made some payments as shown below:

Items
Amount (£)
Rent revenue from a building located in Muscat
15,000
Dividends from a Germany company (non-associated companies)
19,500
Income from operations
350,000
Gain on the sale of a warehouse
10,000
Bank Deposit Interest
1,500
Dividends from a UK co. (non-associated companies)
4,500
Loan note interest from a UK co.
17,000
Gift Aid Donation
6,000
Dividends paid to shareholders (dividends payment is excluded from TTP)
7,000


Instruction:

Calculate the total taxable income for the company and tax liability.


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