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Pre-operational income

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Pre-operational income

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by pannanikt.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 14, 2013 at 7:07 pm #140473
    emmadek
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Dear All,

    I will like to confirm if pre-operational income is subject to tax. i.e. income earned from other sources by a company before the commencement of operation e.g. interest income, Bid income, Dividend Income.

    Thanks you All

    September 14, 2013 at 9:08 pm #140479
    pannanikt
    Member
    • Topics: 8
    • Replies: 83
    • ☆☆

    I would think so as you can include as expenses pre-operational expenses for example relating to set up the company. But did not find the confirmation about it.

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