Andrea ceases trading on 31 October 2020 Her adjusted trading profits (losses) for the closing periods of account are as follows Overlap profits of 3,200 arose when Andrea commenced trading Calculate the terminal loss, assuming that no claims are made to set trading losses against total income year...

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Andrea ceases trading on 31 October 2020. Her adjusted trading profits/(losses) for the closing periods of account

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Andrea ceases trading on 31 October 2020. Her adjusted trading profits/(losses) for the closing periods of account are as follows:

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Overlap profits of £3,200 arose when Andrea commenced trading. Calculate the terminal loss, assuming that no claims are made to set trading losses against total income.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:01 AM

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Andrea ceases trading on 31 October 2020. Her adjusted trading profits/(losses) for the closing periods of account

Question:

year to 31 December 2018 year to 31 December 2019 10 months to 31 October 2020 6,600 2,400 (22,500)

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Taxation Finance Act 2020

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