Carla incurred a trading loss of 42,000 in the year to 30 June 2018 and claimed carryforward
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Carla incurred a trading loss of £42,000 in the year to 30 June 2018 and claimed carryforward relief. Her adjusted trading profits for the following three years are as follows:
Carla's only other income consists of property income of £4,800 per annum. Calculate her net income (i.e. total income less reliefs) for tax years 2018-19 to 2021-22 inclusive.
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year to 30 June 2019 year to 30 June 2020 year to 30 June 2021 15,000 26,000 60,000
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Trading income Income from property Total income Less Trading losses bf ...View the full answer
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