PM220000 - Appropriate notional profit

S850C (3)(a) ITTOIA 2005

For the legislation to apply, the profit share of the non-individual member has to exceed the appropriate notional profit.

»Ê¹ÚÌåÓýapp appropriate notional profit is made up of two elements:

  • the appropriate notional return on capital (see PM221000); and
  • the appropriate notional consideration for services (see PM222000)