Part b Andrew has been trading for many years making up accounts to 31 March and has the following projected trading profits (after capital allowances) for the next two periods of account: Year ended 31 March 2019 45,000 Year ended 31 March 2020 (31,000) Andrew expects to have the following amounts of other income /gains in the next two tax years: 2018/19 2019/20 26,850 26,850 Employment income Chargeable gainst 30,700 15,700 *Andrew's gains are not related to residential property and do not qualify for entrepreneur's relief. Requirement Assuming the personal allowance is 12,500 and the CGT annual exempt amount is 12,000 for all years concerned, calculate the maximum tax saving if Andrew uses his trading loss as efficiently as possible (assuming Andrew does not wish to carry any loss forward). (15 marks) Total mark (30 marks)