S172ZC-S172ZD Income Tax (Trading and Other Income) Act 2005, S149C-S149D Corporation Tax Act 2009

How to compute the amount deductible

Receipts from the sale of memorials and charges for making inscriptions etc should be treated as trading receipts of a crematorium.

The trader is able to deduct the following expenses from trading income:

the specific cost of production of that memorial, inscription etc, and

two thirds of other costs (the relevant costs differ depending on whether the deduction is for memorials or inscriptions, see below).

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