Question 2a
Marking Guide
2 (a) Corporation tax computation
Taxable total profits 2
Corporation tax liability 1·5
Capital allowances
Maximum AIA 1
Calculation of adjustment to capital allowances 1·5
Group aspect 1
Losses brought forward
Offset against future profits of the same trade 2
Major change in the nature or conduct of the trade 3
Rollover relief 5
Assumption 1
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18
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