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Hi Sir
I watched the lecture on overlap profit several times but I just don’t understand. I know the other formula without period but I don’t understand with period. i would like to know if there is a way or a formula to learn easily with period.
thanksSorry but I’m not certain about what you mean by “formula without and with period”??
You must learn the bases of assessment which apply for each tax year in opening years and if any “period of profit” appears in more than one tax year’s assessment then this is overlap profit!
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