11.2 Jane is self-employed. Her recent adjusted trading profits/(losses) are: year to 31 May 2006 (18,860)
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11.2 Jane is self-employed. Her recent adjusted trading profits/(losses) are:
£
year to 31 May 2006 (18,860)
year to 31 May 2007 4,710 year to 31 May 2008 6,210 year to 31 May 2009 14,810 Jane has other income of £4,800 per annum. Assuming that the trading loss is carried forward and set against future trading profits, calculate her net income (i.e. total income less reliefs) for tax years 2006-07 through to 2009-10.
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