7 Trading Profits - basis of assessment Flashcards
1
Q
What are the tax basis rules? when does the tax year run from
A
2
Q
explain the first tax year rule
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3
Q
explain the continuing trades - subsequent years and periods of accounting
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4
Q
what is the accounting date close to the end of the tax year rule
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5
Q
what is the Trade commencing shortly before the beginning of a tax year rules
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6
Q
what are the steps for calculating a partners trading profit in a partnership
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