Ashok has been trading for many years, preparing annual accounts to 31 July. Recent trading profits/(losses), adjusted for tax purposes, are as follows:

He has income from property amounting to £ 8,000 per annum and he claims only the basic personal allowance. Identify the claims which he could make in relation to the trading loss incurred in the year to 31 July 2017 . Which of these loss relief claims (if any) might be recommended?

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year to 31 July 2015 year to 31 July 2016 year to 31 July 2017 32,400 12,000 (9,500)