[thomas]

yeah but i think since incorporation? ie 9 months?

[thomas]

q6 had a low or mid CO2 car in capital allowances calculation?

[thomas]

sorry, its not intuitive to me

in your link, rule 2 example:

how do i know that my overlap profits are 12k from 08/09 and 1/4 * 12k from 10/11 ?’

could equally have been 6/12 * 21000 + 1/4 * 12 k

[thomas]

Common guys, I am stuck here…. from which period do i generally need to take the overlap profits?

[thomas]

“This leads to nine months of overlap profits – profits taxed twice in different tax years.”

My questions concerns the calculation of overlap profits: Since there is a coterminuous period, how do I know to which Fiscal Year the overlap profits relate to?

Example from Opentuition Revision question 12:

FY1 (Actual) 1.7.13 – 5.4.14 = 9/11 * 33’000 = 27’000
FY2 (first 12m) 1.7.13 – 1.7.14 = 33’000 + 1/12 * 24’000 = 35’000

The Overlap profits are 27’000, not 9/12 * 35’000.

But why?

[Author]

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