1. Realisation Basis: If the financial statement is prepared on accrual basis, you may elect to take into account gains or losses on a realisation basis.
2.Transitional Rules: To adjust the taxable income to exclude gains & losses related to previous periods.
3.Small Business Relief: Claim small business relief if taxable income is less than AED 3 million in all previous periods.
4.Transfer within a qualifying group: Transfer of assets or liabilities between members of a group to be a no gain or loss basis.
5.Business Restructuring Relief: Transparency whole or part of business to another taxable person on no gain no loss basis
