ABCD Ltd had the following results for the year ending 31 March 2019: Trading income 369,000; Bank interest 10,000; Capital gains 9,500; Qualifying charitable donations (7,800); Dividends received from UK companies 41,000. Required: Calculate the ABCD’s tax liability for the year ended 31 March 2019.

ABCD Ltd had the following results for the year ending 31 March 2019: Trading income 369,000; Bank interest 10,000; Capital gains 9,500; Qualifying charitable donations (7,800); Dividends received from UK companies 41,000. Required: Calculate the ABCD’s tax liability for the year ended 31 March 2019.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter13: Tax Credits And Payment Procedures

Section: Chapter Questions

Problem 25P

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