Sally (who began trading many years ago and has not ceased trading) incurs an adjusted trading loss

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Sally (who began trading many years ago and has not ceased trading) incurs an adjusted trading loss of £40,000 in the year to 31 December 2021. She has no capital gains.

(a) What is her trading income for 2021-22?

(b) How could her trading loss be relieved?

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Jan 31, 2024 02:01 AM

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Sally (who began trading many years ago and has not ceased trading) incurs an adjusted trading loss

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a Sallys trading income for 202122 Since Sally made an adjusted trading loss of 40000 and has no cap...View the full answer

Taxation Finance Act 2021

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