Corp Tax - Chapter 3

Question 1

If an AP exceeds 12m, then what is split into 12m and balancing period?

Answer 1

Income and Gains before CA’s

Capital Allowances

WDA and AIA

SBA

NTLR and Rental Income

Chargeable gains on date of disposal.

Charity donations (Date)

Dividend income via Date

Question 2

What allowances are not split between periods?

Answer 2

FYA

Question 3

When are dividends included in the TTP

Answer 3

To give augmented profits - determine