Greta commences trading on 1 January 2019 and chooses 30 June as her annual accounting date. Her
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Greta commences trading on 1 January 2019 and chooses 30 June as her annual accounting date. Her first accounts are made up for the 18 months to 30 June 2020 and show an adjusted trading profit of £27,300. Compute Greta's trading income for the first three tax years and calculate the amount of any overlap profits.
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