Professional Documents
Culture Documents
Trading Income Property Income Interest Income Chargeable Gain xxx xxx xxx xxx (Private expense allowable) (Interest on loan treated in interest income) (Non trade related interest income & expense) (Part of CGT)
AUGMENTED PROFIT
XXX
overseas issues DTR is lower of UK tax on overseas income overseas tax suffered (withholding tax) transfer pricing Arms length price for transaction between group companies Branch extension of UK trade Capital allowances available on branch assets Loss relief available Company separate legal entity