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. Assuming that the trading loss is carried forward and set against future trading profits, calculate her net income (i.e. total income less reliefs) for tax years 2017-18 through to 2020-21.
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year to 31 May 2017 year to 31 May 2018 year to 31 May 2019 year to 31 May 2020 (18,860) 4,710 6,210 14,810
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