Nathan begins trading on 1 October 2020, making up accounts to 31 December each year. His first

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Nathan begins trading on 1 October 2020, making up accounts to 31 December each year.

His first two sets of accounts show the following adjusted trading losses:

£

15 months to 31 December 2021 (56,850)

year to 31 December 2022 (32,660)

He has had no other income since becoming self-employed. Before this, his only income consisted of employment income, as follows:

£

2017-18 25,100 2018-19 25,250 2019-20 26,400 2020-21 (to 30 September 2020) 13,450 Assuming that all possible early trade losses relief claims are made, calculate Nathan's net income (i.e. total income less reliefs) for years 2017-18 to 2020-21.

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