Question
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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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
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