BKM403100 - Banking surcharge: calculation of surcharge profits: CT surcharge

CTA10/S269DA

The surcharge profits of a company which is a banking company in relation to an accounting period are computed as follows:

  • Compute taxable total profits under the normal rules at S4(2)

Add any of the following which have been given in determining those taxable profits:

Deduct

  • non-banking transferred-in gains
  • research and development expenditure credits