Example on page 15 Chapter 9 is as follows: BLAGAB I-E = 200 OLTB trading profits = 140 Minimum profit = 80 Total Taxable Income = 340 Here: - 220 would be taxed at 26%, this being the shareholders' share (the BLAGAB minimum profit plus the OLTB trading profits) - 120 would be taxed at 20%, this being the rest of the TTI. My question: surely the shareholders' share should be taxed at 24% rather than 26%? is this a typo or am I missing something?
You're absolutely right, that should be 24%. We'll put a corrections document out for this. Thanks for letting us know and sorry for any confusion this caused. Thanks Sarah
