Profit after allowed deductions — T2 in Melun — SCI à l’IS · ID 01SCI ISTaxable Profit

Year 1: no compte courant interest this year — nothing to deduct. (the compte courant page, Part 2)

Account interest — Year 1: this property's opening is €0 — nothing to earn or pay: interest = €0.00. (the savings account page, Part 2)

Year 1: taxable profit = €2,953.20 − €0.00 + €0.00 − €3,100.00 = −€146.80.

The company tax is paid at the end of each year, out of the savings account. The account earns interest on its opening balance — last year's closing, after last year's tax was paid. So last year's tax lowers this year's interest, and so this year's taxable profit; this year's tax only affects next year. The loop between the tax and the interest is one year long — never inside a single year.

Year 1: the account opens at €0.00 (the cash left after the purchase) — no company tax has been paid yet. It earns €0.00 this year (the savings account page, Part 2). This year's tax (€0.00) is paid at the end of Year 1, so it lowers Year 2's opening — the tax and the interest never depend on each other within the same year.

Next step: the taxable profit is added into a running pool (with the purchase fees and declared repairs deducted once, in Year 1) — the Cumulative Pool page.