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.