Economics · Corporate Taxation
Adelaide Ltd has reported the following financial results: Year ended 31 March: 2023: Tax adjusted trading profit = £16,000; Property income/(loss) = £5,000; Qualifying charitable donations = (£800) 2024: Tax adjusted trading profit = £20,000; Property income/(loss) = (£65,000); Qualifying charitable donations = (£900) 2025: Tax adjusted trading profit = £25,000; Property income/(loss) = £10,000; Qualifying charitable donations = (£1,100) What is the amount of the unused property loss as at 31 March 2025 assuming Adelaide Ltd claims relief in the most efficient way?
- 1£11,120
- 2£11,107
- 3£11,102
- 4£11,100✓
Correct answer
£11,100
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