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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Open Tuition notes practice question 10 (John)..
Hello Sir,
I am confused as to why is the rent income of 9500 deducted?
Thanks
We are computing the adjusted TRADING profit – therefore any income that is NOT trading must be removed from the net profit as per the accounts. The property income would be assessed in its own right for separate inclusion within the income tax computation of the taxpayer
Thank you for your reply.
I missed out on the trading word in the question.
