Trading results

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
July 27, 2017 at 9:11 pm #399070
Candy
Member
- Topics: 135
- Replies: 79
Dear tutor,
Please confirm
Trading results and total income are not tax adjusted figures and therefore we need to adjust for the tax year using basis of assessment?
Yet if we get a question with tax adjusted trading profits, we do not need to adjust and instead insert the figure into our tax year calculations?
Thank you
July 28, 2017 at 6:55 am #399094
Tax Tutor
Member
- Topics: 2
- Replies: 3960
The tax adjusted trading profit is the figure to include in the income tax computation for the relevant tax year of assessment along with the other sources of taxable income in deriving the total income figure which also included on that computation
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.