In the year to 31 March 2021, a UK resident company had UK trading profits of 5,450,000

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In the year to 31 March 2021, a UK resident company had UK trading profits of £5,450,000 and overseas property income (net of 35% withholding tax) of £130,000. Compute the corporation tax liability for the year.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 16, 2024 03:00 AM

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In the year to 31 March 2021, a UK resident company had UK trading profits of 5,450,000

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UK 5450000 Overseas 5450000 1035500 Trading income Property income 130000 x 1006...View the full answer

Taxation Finance Act 2020

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