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Per Revenue Manual 13-02-05 Capital Allowances are not deductible against estate & investment income for the purposes of the close co surcharge. For property rental company surcharge is therefore based on adjusted Case V profit before deduction of CA. Is the tax deducted from this the actual CT charge for the company or 25% of the adjusted profit figure being used in the CT comp?

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Asked on 18 May 2020 11:43 am