Commentary

D9.511 Calculation of profit

Corporate tax
Corporate tax | Commentary

D9.511 Calculation of profit

Corporate tax | Commentary

D9.511 Calculation of profit

The profit on a disposal is X – Y – Z where1:

  1.  

         X is the amount payable on disposal;

  2.  

         Y is the amount paid to acquire the security by the person making the disposal;

  3.  

         Z is the amount of any incidental expenses incurred by that person before 27 March 2003 in connection with the acquisition of the securities.

Incidental expenses incurred after 26 March 2003 and before 6 April 2015 are deductible only on the acquisition or disposal of listed securities held since before 27 March 20032; see D9.513. Relief for incidental expenses

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