Craig began trading on 1 August 2015 and has the following results: year to 31 July 2016
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Craig began trading on 1 August 2015 and has the following results:
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year to 31 July 2016 year to 31 July 2017 Adjusted trading profits/(losses) before capital allowances 5,460 (27,400) Capital allowances claimed 1,140 1,920 of his Before commencing to trade, Craig had only investment income. He sold all investments in October 2016 (realising a large capital gain) so as to raise extra working capital for his own business. His income from investments in recent years has been:
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Based on the information provided lets first compute Craigs trading income for the years 201516 to 201718 We have the following adjusted trading profi...View the full answer
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