- This topic has 0 replies, 1 voice, and was last updated 10 years ago by .
Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>
Forums › ACCA Forums › ACCA TX Taxation Forums › Overlap Profit (Answer Please)
Could anyone help me in this please? its v urgent need today.
John Started Trading 1 October 2007 and ceased trading on 31 December 2013. He had a few changes of his accounting periods end during that are as follows.
Year Ended 30 September 2008 ——— 16,000
9 Months to 30 June 2009 ——————- 12,000
Year ended 30 June 2010 ——————- 24,000
18 months to 31 December 2011 ——— 36,000
Year Ended 31 December 2012 ———- 18,000
year ended 31 december 2013 ———– 28,000
Required
Calculate the amount of trading profits that will have been assessed on John for the tax years 2006/07 to 2012/13 respectively. Clearly identifying the amount of any overlap profits.
Thanks in Advance