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MC Question 13
Tax rates
TX 2016 Tax Rates and Allowances
Oblong Ltd has had the following results:
Year ended 31 March 2015 | Year ended 31 March 2016 | |
---|---|---|
£ | £ | |
Trading profit/(loss) | 79,400 | (102,800) |
Property business income | 6,800 | 10,100 |
Qualifying charitable donations | (1,600) | (1,300) |
If Oblong Ltd makes a claim to relieve its trading loss of £102,800 for the year ended 31 March 2016 against total profits for the year ended 31 March 2015, how much of this loss will remain unrelieved?
A £6,500
B £16,600
C £9,400
D £23,400