UK taxation

Question 15 12 pts 1. Ella has been running a yoga school as a sole trader for several years. During the pandemic her trading results suffered and she closed the business on 31 July 2020. Her recent results are as follows: Year ended 31 January 2019 45,000 Year ended 31 January 2020 20,000 Seven months ended 31 July 2020 (35,000) She has overlap profits of 2,500. Required Calculate Ella's terminal loss and show how it may be relieved. (6 marks 2. Jack is employed by hotel chain and receives an annual salary of 78,500. He has made niet pension contributions of 12,000 into his personal pension scheme and received the following benefits in kind for the tax year 2020/21 Job related accommodation which the employer purchased 5 years ago at a cost of 350,000. The annual value is 36,000. Local golf club membership for entertaining clients which costs 2,500. Access to a workplace crche for his two children, this is available to all employees and costs the employer 6,750 per child per annum. He receives a disruption allowance cach month of 350 for occasions when he is required to work late at short notice. Private health insurance which cost his employer 250 but which paid 750 for treatment during the year Required: Calculate Jack's income tax payable for the tax year 2020/21