when calculating total taxable profit for corporation taxx liability, chargeable gain must be added to trading profits. but why is the AEA not deducted from chargeable gains?
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TXtotal taxable profits
I think you mixing up cgt pro forma with corp tax proforma... I know the annual exemption (£10900) is for cgt but I don't think that has to do with corp tax. Hmmm.
ohh thanks anyway that really helps :)
Lol no problem. Yep it's way too much. You could make up something to remember your proforma. Ahh oh well best of luck to you :-)
One thing though... it's cgt for individuals... not companies
Don't forget in the corp tax proforma, there's Chargeable Gains. .. that's where cgt will come into play. But there's no AE there
yes :D for companies it is Indexation Allowance is deducted to give taxable gains instead of AEA.. im practising day night but still error on my math (not whole part.. silly mistakes) any suggestion for me?
Haha I have no suggestions. Just a student about to explode from exam-prep. Loll
hahaha.. which papers u'll be giving in dec 14
F5 & 6... going to do f4 in jan. U?
f6 only
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