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Downing Strategic Micro-Cap Investment Trust (LSE:DSM) Tax Expense : £0.00 Mil (TTM As of Aug. 2024)


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What is Downing Strategic Micro-Cap Investment Trust Tax Expense?

Downing Strategic Micro-Cap Investment Trust's tax expense for the months ended in Aug. 2024 was £0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Aug. 2024 was £0.00 Mil.


Downing Strategic Micro-Cap Investment Trust Tax Expense Historical Data

The historical data trend for Downing Strategic Micro-Cap Investment Trust's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Downing Strategic Micro-Cap Investment Trust Tax Expense Chart

Downing Strategic Micro-Cap Investment Trust Annual Data
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Tax Expense
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Downing Strategic Micro-Cap Investment Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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Downing Strategic Micro-Cap Investment Trust Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Downing Strategic Micro-Cap Investment Trust  (LSE:DSM) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Downing Strategic Micro-Cap Investment Trust Tax Expense Related Terms

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Downing Strategic Micro-Cap Investment Trust Business Description

Traded in Other Exchanges
N/A
Address
3 Lower Thames Street, 6th floor, St Magnus House, London, GBR, EC3R 6HD
Downing Strategic Micro-Cap Investment Trust PLC is a closed-ended investment company. The investment objective of the company is to generate capital growth for shareholders over the long term from a focused portfolio of UK micro-cap companies targeting a compound return of around 15 per cent per annum over the long term. The company invest in the UK publicly quoted companies that are defined by the Investment Manager as micro-cap.