Calculate the corporation tax payable by Snowdonia plc for the year ended 31st March 2021, assuming that they make all available elections to minimise their liability.
On 20th November 2020 Snowdonia plc sold a warehouse for £160,000, realising an indexed gain of £60,000. In February 2021 it purchased a piece of fixed machinery with a useful life of 30 years for £150,000. Snowdonia plc owned a 100% owned subsidiary, Dales Ltd until it was sold to Moors Ltd on 31st December […]