Carl begins trading on 1 July 2019 and chooses 30 June as his accounting date. His tax-adjusted trading profits/(losses) for the first two accounting years are as follows:

Now that he is self-employed, Carl has no other income. Prior to becoming self-employed his only income was from employment, as follows:

Assuming that Carl makes all possible early trade losses claims, calculate his net income (i.e. total income less reliefs) for years 2016-17 to 2019-20 inclusive.

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year to 30 June 2020 year to 30 June 2021 (61,200) (12,400)