Jane is self-employed. Her recent adjusted trading profits/(losses) are: Jane has other income of 10,000 per annum.

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Jane is self-employed. Her recent adjusted trading profits/(losses) are:

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Jane has other income of £10,000 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 2018-19 through to 2021-22.

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Jan 31, 2024 02:01 AM

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Jane is self-employed. Her recent adjusted trading profits/(losses) are: Jane has other income of 10,000 per annum.

Question:

year to 31 May 2018 year to 31 May 2019 year to 31 May 2020 year to 31 May 2021 (18,860) 4,710 6,210 14,810

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In the tax years listed Jane has the following adjusted trading profitslosses 201718 18860 loss 2018...View the full answer

Taxation Finance Act 2021

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