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John Moffat.
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surajsusheel
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Hi John,
The land and building is increasing by 30%, why arent we adding this to the operating cash flows to find the taxable profit since this is appreciation?
John Moffat
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The question says that it is tax exempt 🙂
surajsusheel
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if the question didnt say that, we would add it right? to find the taxable profits
John Moffat
- Topics: 57
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No, you would calculate the balancing charge or allowance in the final year by taking the difference between the sale proceeds and the tax written down value (as we did in Paper FM, was F9).
surajsusheel
John MoffatViewing 4 posts - 1 through 4 (of 4 total)
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