Hi, I am having difficulty with the trading Profits for the the first 3 periods. I understand where the capital allowance deductions are coming from but I am unsure as to where the figures that are being deducted come from. Eg period 1/2/2013 a 31/7/2014 working is £128,360( not sure?) - £74,360 (cap allowance) to get £54,000 trading profits. But profits in a are £150k. Can you help?
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Question 14 Grace in open tuition notes
Look at errata sheet provided as this was an updating error - apologies for any confusion caused.
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