The summary computation below is provided for illustrative purposes only. Attention should be paid to the detailed commentary at ¶783-360ff.

£

£

£

Starting point (`total comprehensive income for the period' or equivalent amount; see ¶783-360)

x/(x)

Capital items (see ¶783-370):

Add/deduct profits, gains or losses falling under the heading `net capital gains/losses' in the IMA SORP applying to AIFs as if it applied to the fund

x/(x)

Where not adjusted for above:

Add expenses directly related to the acquisition or disposal of investments

x

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.