Page 38 - F1 Integrated Workbook STUDENT 2018
P. 38

Chapter 2






                          Overview







                                       Fundamentals of business taxation








                         Tax on trading                                            Capital taxes

                              income






             Taxable                                   Tax                                        Allowable
               profit                             depreciation            Tax base                   costs





                  Trading
                   losses                   Exempt                         Indexation            Loss relief
                                            income




                 Balancing             Disallowable
                 allowances
                                        expenses
                 and charges


















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