Nathan begins trading on 1 October 2018, making up accounts to 31 December each year. His first
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Nathan begins trading on 1 October 2018, making up accounts to 31 December each year.
His first two sets of accounts show the following adjusted trading losses:
He has had no other income since becoming self-employed. Before this, his only income consisted of employment income, as follows:
Assuming that all possible early trade losses relief claims are made, calculate Nathan's net income (i.e. total income less reliefs) for years 2015-16 to 2018-19.
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