Colin's adjusted trading profits/(losses) for the years to 31 August 2016 and 2017 are: year to 31
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Colin's adjusted trading profits/(losses) for the years to 31 August 2016 and 2017 are:
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year to 31 August 2016 year to 31 August 2017 Before capital allowances (8,900) 20,200 Capital allowances available 3,900 7,200 After capital allowances (12,800) 13,000 He is single and has no other income. If the trading loss is carried forward for relief against future trading profits, should Colin claim maximum capital allowances in these two years?
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