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What is mutual trading?

9 Answer(s) Available
Answer # 1 #

Mutual trading is where members form a co-operative society in order to conduct trade for their mutual benefit. Examples include purchasing co-operatives and marketing co-operatives, where members come together to buy or sell goods and services, using the co-operative as a conduit, or agent, for their trade.

[53]
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Jean-Marc Shahane
LIQUID FERTILIZER SERVICER
Answer # 2 #

If a mutual trade exists, the business is exempt from tax on those profits. Depending on its activities, this can result in significant tax savings,

[4]
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Anusha Tuli
CARDROOM ATTENDANT II
Answer # 3 #

The 'profits' of mutual trading are not subject to UK corporation tax as they are not, strictly speaking, profit but are more correctly regarded as a surplus of

[3]
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Jasmin Sabir
CUFF CUTTER
Answer # 4 #

A body engaged in mutual trading will only be free from tax on its trading activities. It will remain taxable on all other income and gains, including

[3]
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Siddhant Shukul
REFINED SYRUP OPERATOR
Answer # 5 #

Companies For issues relating specifically to companies carrying on mutual trading, see ¶806-800.

[3]
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Suchitra Walsh
BUNDLE BREAKER
Answer # 6 #

An investor is buying or redeeming mutual fund shares directly from the fund itself. This is different from stocks and ETFs, wherein the"What Are Mutual Funds? · How Mutual Funds Trade · Mutual Fund Charges and...

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Homi Roshni
TOWER OPERATOR
Answer # 7 #

5350 Mutual trading. It is a basic rule that: 'No man … can trade with himself [or] make … taxable profit by dealing with himself.' In other words, a person's

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Sushir Patnaik
BOAT BUFFER PLASTIC
Answer # 8 #

There is no statutory definition of mutual trading within the Income Tax. (Jersey) Law 1961 (“the Law”). Nevertheless the principle that no one

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Attar Mills
Dramatherapist
Answer # 9 #

This income is used to meet legal, accountancy and administration fees arising from the investment processes. There is no profit motive and it is

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Kanwarjit Vijayshanti
CONTINUITY CLERK