Nathan begins tradi ng on 1 October 2015 , making up accounts to 31 December each year His first two sets of accounts show the following adjusted trading losses 2012 13 2013 14 2014 15 2015 16 (to 30 September 2015) 25,100 25,250 26,400 13,450 Assuming that all possible early trade losses relief cl...

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Nathan begins tradi ng on 1 October 2015 , making up accounts to 31 December each year.

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Nathan begins tradi ng on 1 October 2015 , making up accounts to 31 December each year. His first two sets of accounts show the following adjusted trading losses:

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:41 AM

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Nathan begins tradi ng on 1 October 2015 , making up accounts to 31 December each year.

Question:

2012-13 2013-14 2014-15 2015-16 (to 30 September 2015) 25,100 25,250 26,400 13,450 Assuming that all possible early trade losses relief claims are made, calculate Nathan's net income (i.e. total income less reliefs) for years 2012-13 to 2015-16.

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Taxation Finance Act 2017

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