BPP has the following question: In the year ended 31 March 2017, Greenwich plc had the following result: Trading loss: (68,000) Capital loss: (4000) Interest income: 5000 Qualifying charitable donation: (3000) The question is : what is the maximum amount that Greenwich could surrender as the group relief of the year ended 31 March 2017: a) 68,000 b)70,000 c)71,000 d)75,000
The answer in the BPP-book is 68,000+ 2,000=70,000, however, as the QCD of 3000 does not exceed interest income of 5,000, so QCD is not classified as unrelieved, therefore, i think the answer should be 68,000 Please help me to answer this question. Thank you!