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:
Jane has other income of £10,000 per annum. Overlap profits arising on commencement were £7,600. Assuming that the trading loss is carried forward and set against future trading profits, calculate her net income for tax years 2020-21 through to 2023-24.
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