Profit after allowed deductions — Furnished flat-share in Melun — SCI à l’IS · ID 04SCI ISTaxable Profit

Year 1: compte courant interest deducted in full (no legal cap set) = €1,561.54. (the compte courant page, Part 2)

Account interest — Year 1: €1,044.04 × 4.00% = €41.76. (the savings account page, Part 2)

Year 1: taxable profit = €9,512.89 − €1,561.54 + €41.76 − €3,422.85 = €4,570.26.

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 €1,044.04 (the cash left after the purchase) — no company tax has been paid yet. It earns €41.76 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.