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taxation BPP 256

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › taxation BPP 256

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  • January 26, 2024 at 1:39 pm #699117
    migong414
    Participant
    • Topics: 7
    • Replies: 1
    • ☆

    Hi there, I have a question regarding to qualifying charitable donation.

    From bpp 256 (a)Calculate Last-Orders Ltd’s tax adjusted trading loss for the ten-month period ended 31 January 2023.
    Tha answer shows 800 on qualifying charitable donation, why QCD is not deductable as expense here?

    Thank you for your help.

    January 29, 2024 at 9:58 am #699256
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    QCD will be an expese in the financial accounts but is disallowed when you adjust the trade profits to find taxable profits.
    Then you deduct the QCD in the TTP computation.

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