Tax on Business Profits

This book examines the legislation, case law and practice concerning the charge to tax under Schedule D, Cases I and II on trades and professions carried on by individuals, partnerships and companies. The book includes in depth coverage, with multiple worked examples, of the new current year basis of assessment and transitional provisions, and the coverage of allowable expenditure is much enhanced. Other topics include assessable income, loss reliefs, capital allowances, partnerships and Class 2 and Class 4 national insurance contributions.