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trading income

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Tax Tutor.

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September 17, 2014 at 7:56 am #195218
sabeel
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why are we adding back capital expenditure in adjusted trading profit ?
September 26, 2014 at 1:55 pm #196509
Tax Tutor
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Because we only allow qualifying revenue expenditure in deriving adjusted trading profit and we then give capital allowances on qualifying capital expenditure
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