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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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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