(b) Explain the advantages from a tax point of view of operating the new busines
2021-04-25
(b) Explain the advantages from a tax point of view of operating the new business as a partnership rather than
as a company whilst it is making losses. You should calculate the tax adjusted trading loss for the year
ending 31 March 2008 for both situations and indicate the years in which the loss relief will be obtained.
You are not required to prepare any other supporting calculations. (10 marks)
正确答案：(b) The new businessThere are two tax advantages to operating the business as a partnership.(i) Reduction in taxable incomeIf the new business is operated as a company, Cindy and Arthur would both be taxed at 40% on their salaries. Inaddition, employer an
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