Sally, who has been trading for many years, incurs an adjusted trading loss of 40,000 in the

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Sally, who has been trading for many years, incurs an adjusted trading loss of £40,000 in the year to 31 December 2017.

(a) What is her trading income for 2017-18?

(b) If she makes no claim in relation to her trading loss, how will it be relieved?

(c) How will the loss be relieved if she does make a claim?

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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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Sally, who has been trading for many years, incurs an adjusted trading loss of 40,000 in the

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Sallys Trading Loss in 201718 a Trading Income for 201718 Since Sally incurred an adjusted trading loss of 40000 in the year to 31 December 2017 her t...View the full answer

Taxation Finance Act 2017

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