Marcus has been self-employed for many years. Recent results are as follows: He is single and has

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Marcus has been self-employed for many years. Recent results are as follows:

He is single and has no other income.

(a) Compute his trading income (before loss relief) for 2023-24 and 2024-25.

(b) Identify the claims that could be made in relation to the trading loss. Which (if any) of these claims should be recommended?

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 10:01 AM

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Marcus has been self-employed for many years. Recent results are as follows: He is single and has

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a Assuming that the late accounting date rules are not disapplied trading income for 202324 is 19080 ...View the full answer

Taxation Finance Act 2023

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