Fielding Plc has owned 80% of the ordinary shares in Jane Ltd since 2009. Both companies are UK residents and prepare accounts to 30 June each year. Results for the most recent two years are as follows: Fielding Plc £ Jane Ltd £ 30 June 2019 Trading profit 91,000 118,000 Property income 5,000 - Loan interest receivable - 6,500 Dividend from Jane Ltd 26,000 - Dividends from other companies 13,000 - 30 June 2020 Trading profit - 186,000 Trading loss (113,000) - Property income 14,000 - Loan interest receivable - 8,500 Dividend from Jane Ltd 37,000 - Dividends from other companies 8,200 - Gift aid donations 11,000 2,00Fielding Plc has concluded that its loss-making trade will never be able to make a profit in future. Therefore, this trade was closed down on 30 June 2020 and the company decided to commence a new trade during the year to 30 June 2021. This new trade is expected to make £150,000 profits in the first year. Required: 

a) Explain the alternative loss relief options available in relation to the trading loss of £113,000 incurred by Fielding Plc for the year to 30 June 2020. Include the figures and calculations as part of your answer

b) Assume that the most efficient form of relief is chosen, calculate the corporation tax liability of each for the year to 30 June 2019 and for the year to 30 April 2020.