11.1 Sally, who has been trading for many years, incurs an adjusted trading loss of 40,000 in...

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11.1 Sally, who has been trading for many years, incurs an adjusted trading loss of £40,000 in the year to 31 December 2009.

(a) What is her trading income for 2009-10?

(b) If she makes no claim in relation to her trading loss, how will it be relieved?

(c) How will the loss be relieved if she does make a claim?

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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