Simon's Calculating Taxable Trading Profits

Simon's Calculating Taxable Trading Profits is a new handbook providing comprehensive guidance on calculating taxable trading profits, including:* Identifying capital and revenue items* The treatment and valuation of trading stock* Particular computational issues relevant to special classes of business, including banks, builders and land developers, and hire purchase trading * Expenditure on trading assets, looking at the purchase of a trade or trade assets, financing the trade, expenditure on improvements and on land and buildings, and expenditure on the protection and preservation of the trade and its assets* Other trading expenditure, including patent royalties, bad debts, personal expenditure, and tax-related deductionsThe general principles concerning deductible expenditure are examined in full, and Simon's Calculating Taxable Trading Profits also contains a number of lists summarising allowable and non-allowable deductions. There are detailed footnotes throughout, and the work takes into account all the latest case law, legislation (including FA 2002) and Revenue material.