CORPORATION TAX

TRADING PROFIT(1)
INTEREST INCOME
PROPERTY INCOME
CHARGEABLE GAIN(4)
MISC INCOME
TOTAL PROFIT
LESS:LOSS RELIEF(2)
Current Year Relief
Carry Back Relief
Carry Forward Relief
less:QCD
Taxable Total Profit
less: Group Relief
Revised TTP

1) if requirement asks for tax adjusted trading loss/ tax adjusted profit,this figure is to be calculted

Profit xxxx

add:
dep xxx
15%lease cost xxx
political party donation xxx

less:
capital allowance (xxx) for all adjustment chec

TATP xxx

SOLO LTD-31.3.22

PROFIT -151300 W1:

PREMIUM PAID -2150
Capital Allowance 4300
-149150

2) if the question is asking to do loss reliefs, calculate the total profits of the year first

y/e31.3.20 y/e31.3.21 y/e31.3.22

TP
INT INC
PROP INC
TP
LESS:LR XXXX XXXX XXXX
LESS:QCD WASTED XXXX XXXX
TTP

CT Y/E 31.3.22

PROPERTY INCOME 9480

CHARGEABLE GAIN 10798
TP 20278
LESS:LOSS RELIEF -20278
0

CORPORATION TAX 0

CT Y/E 31.3.22

PROPERTY INCOME 9480

CHARGEABLE GAIN -5400
TP 4080
LESS:LOSS RELIEF -20278
0

CORPORATION TAX 0

AOEDA BIANCA CHARAN LTD

TTP

31ST MARCH 2021 31ST MARCH 2022

TP 0 67800
PBP 0 23400
CG 5800 16200
TOTAL PROFIT 5800 107400
LESS:LOSS RELIEF -5800
0
UNUSED PROPERTY LOSS -20600
TL -111300
QCD -6600

100800
-20600
-80200

UNRELIEVED LOSS 31100

MOON LTD -19700

11400

BIANCA LTD TP

TRADING PROFIT 256300

ADV EXP -5800
LEASING COST 765
CAPITAL ALLOWANCE -8266
242999

C)

PROCEEDS 368000
COST -186000
INDEXED COST -125832
56168
PROCEEDS 167000
COST -172000

-5000

51168

237

IT PAYABLE BY GAMILA GAMILA

REMUNERATION 30000 CLASS1 E NIC
DIVIDENDS 70000 2452

100000
LESS:PA -12570
87430

IT
17430*20% 3486

DIVIDEND
2000*0% 0
18270*7.5% 1370
49730*32.5% 16162

21019

ALIMAG
IT PAYABLE BY MAGNUS CLASS 1 EMP NIC
2920
DIVIDENDS 30000

30000
LESS:PA -12570
17430

DIVIDEND
2000*0% 0
15430*7.5% 1157

CORPORATION TAX LIABILITY

PROFIT 180000
LESS:DR -30000
LESS:EMP NIC -2920

147080

CORPORATION TAX 27945

for all adjustment check trading income chap)

PREMIUM PAID
PI 20000
PP -2800
2150
 20000 27000 27000
10827
20000 37827
1000
20000 37827
5500

10402

PROCEEDS 31200
COST -15002

16198
 REVISED BASIS

21019
1157
2452
2920
27945
73982 55493 18489 TAX SAVINGS
4600