Olive ceases trading on 31 May 2022. Her recent adjusted trading profits/(losses) are:

£

year to 30 June 2018 37,450 year to 30 June 2019 39,190 year to 30 June 2020 16,120 year to 30 June 2021 (6,840)

11 months to 31 May 2022 (36,300)

Overlap relief of £7,140 is available. Calculate the terminal loss and show how this would be relieved, assuming that Olive has savings income of £10,000 per annum and that no claims are made to set trading losses against total income.