Sir
About the second way to calculate the overlap profit by adding profits, can we add all profits of year 1 to year n ?
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overleap profit
Year n will not be an issue as only a limited number of profit periods will be involved - you will use those profits up to and including the first CYB assessment that arises, though again if you establish what the overlap periods are you will not need an alternative basis of computing!
thanks Sir
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