Melissa is a sole trader. Her capital gains and capital losses for 2017-18 are 26,600 and 1,000
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Melissa is a sole trader. Her capital gains and capital losses for 2017-18 are £26,600 and
£1,000 respectively. She also has capital losses brought forward from 2016 -17 of
£13,200 and unrelieved trading losses of £18,500 which are eligible for relief against capital gains in 2017-18.
Calculate Melissa's taxable gains for 2017-18, assuming that:
(a) a claim to relieve trading losses against capital gains is not made
(b) a claim to relieve trading losses against capital gains is made.
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