A company has the following results for the three years to 31 March 2024: Assuming that the
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A company has the following results for the three years to 31 March 2024:
Assuming that the trading loss is carried forward and that maximum loss relief is taken as soon as possible, calculate the company's taxable total profits for each of the three years, showing the amount of losses carried forward at the end of each year. Also calculate the amount of tax saved as a result of trading loss relief.
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i The tax liability for the year to 31 March 2023 is now nil Before trading loss relief TTP for the ...View the full answer
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