You are a trainee chartered certified accountant and your manager has asked for your help…

You are a trainee chartered certified accountant and your manager has asked for your help regarding a taxpayer who has made trading losses. Sean has been in self-employment since 2007, but ceased trading on 31 December 2017. He has always prepared accounts to 31 December. His results for the final five years of trading were as follows:                                                                                      £ Year to 31 December 2013 – Trading profit       21,300 Year to 31 December 2014 – Trading profit       14,400 Year to 31 December 2015 – Trading profit       18,900 Year to 31 December 2016 – Trading profit        3,700 Year to 31 December 2017 – Trading loss        (23,100) For each of the tax years 2013 -14 to 2017-18, Sean has property business profits of £12,500. Sean has unused overlap profits brought forward of £3,600. Required: Identify the loss relief claims that are available to Sean and exp lain which of the available claims would be the most beneficial. You should clearly state the amount of any reliefs claimed and the rates of income tax saved. However, you are not expected to calculate any income tax liabilities. Assume for the sake of sim plicity that income tax rates, bands and allowances for all years are the same as in 2017-18. (ACCA)

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more