In the chapters on tax, would it be possible please if someone can let me know what XSI is please ? Is it like XSE but with investment being less than the NCI profit ? Thank you
No, XSI is not the case when investment is less than the NCI profit. We would still refer to this as XSE. We would then carry forward excess expenses to the following tax year equal to the expenses (E) plus the excess of the NCI profit over the investment (I). So in a formula the expenses carried forward to the next tax year would be: E + (NCI profit -I) = NCI profit - (I - E) XSI refers to the case when BLAGAB I exceeds BLAGAB E. I hope this helps. Mark
Okay thanks. So XSI is when I > E irrespective of whether the NCI Profit is greater than BLAGAB I - E ? Thank you
