Marcus begins trading on 1 January 2019 and has the following results: He is single and has

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Marcus begins trading on 1 January 2019 and has the following results:

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He is single and has no other income.

(a) Compute his trading income (before loss relief) for 2018-19 to 2020-21.

(b) Identify the claims that could be made in relation to the trading loss, assuming that early trade losses relief is not claimed. Which (if any) of these claims should be recommended?

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