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Syllabus E2. Taxable total profits

Syllabus E2

Taxable total profits 2 / 8

a) Recognise the expenditure that is allowable in calculating the tax-adjusted trading profit.
b) Explain how relief can be obtained for pre- trading expenditure.
c) Compute capital allowances (as for income tax).
d) Compute property business profits.
e) Explain the treatment of interest paid and received under the loan relationship rules.
f) Explain the treatment of qualifying charitable donations.
g) Compute taxable total profits.