Sorry professor for not sharing the question scenario. Sir I am confused in one thing that there are n number of reasons why we are disposing the NCA. So why it is considered thar asset is disposed because the life is ended.
I did everything but have no clue either done it correct or not? You question at end of notes were really helpful and this question “cannock” was part of that Sec A. I did same as you did in answer. I took current years TTP and calculated Corp tax and divided by 4.
The answer shows “Carried Forward” loss deduction. When we will come below this so we can see that we have “loss” of sale of Warehouse. This should have been deducted above under investment property. Why we have not done this? I hope I have explained the problem
Page 245. Actually I am running out of time so I find it easy to ask from tutor. If you can just answer in 1 or 2 sentences will be really helpful to me.
I am saying that we have used Allowable loss from Warehouse against Qualifying gains (e.g. goodwill in question). Would it have been better that we have used this allowable loss from warehouse against Investment property gain.
