Tolley's Tax on Business Profits A Comprehensive Guide to Schedule D, Cases I and II on Trades and Professions Carried on by Individuals, Partnerships and Companies

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. Includes in depth coverage, with multiple worked examples, of the new current year basis of assessment and transitional provisions Coverage of allowable expenditure much enhanced. Other topics include assessable income, loss reliefs, capital allowances, partnerships and Class 2 and Class 4 national insurance contributions Includes self-assessment and pay and file Numerous worked examples