CHARGEABLE GAINS – COMPANIES – FURTHER ASPECTS

Dear Jill, I understand that in dealing with disposals of lost or destroyed assets, the disposal date is when the insurance proceeds were received, but it has to be within the tax year. I would like to know why the date of disposal in Example 4, SC Ltd, is in March 2023. March 2023, I believe, does not fall in the tax year 2023/24, even though the accounting year for companies runs from 1 April 2023 - 31 March 2024. Reference: Taxation OpenTuition Text; Chapter 19; Example 4; Page 161.