Hi, I’m struggling to understand the minimum profits test concept in general. And if further gets complicated when going into blgab and non blagab details. Can someone please help me understand this concept with a numerical example? Thanks heaps!
Hi In the UK, it is only in relation to BLAGAB business. The worked through example in the course notes (Chapter 6 pages 17-19) provides a numerical example, along with the Practice question 6.4 on page 25. Let me know if there is anything within this that you are not understanding.
