Commentary

D7.938 Calculation of profits—introduction

Corporate tax
Corporate tax | Commentary

D7.938 Calculation of profits—introduction

Corporate tax | Commentary

D7.938 Calculation of profits—introduction

There are a number of specific rules detailing the calculation of taxable profits for contractors ring fence profits. These address in particular the level of deduction for lease payments (D7.940), loan relationships (D7.942), management expenses, losses, capital allowances (D7.944) and group relief (D7.946).

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