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Course notes tax example

T

tde123

Member
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
 
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