Laura started a business on 1 May 2016, preparing accounts to 30 April . Her adjusted trading
Question:
Laura started a business on 1 May 2016, preparing accounts to 30 April . Her adjusted trading profit for the year to 30 April 2017 (before deduction of capital allow ances) was
£263,150. Her purchases of plant and machinery during the year were as follows:
Compute her trading income for the first two tax years, assuming 40% private use of the car by Laura. Also compute the amount of any overlap profits.
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