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Brooke had been trading profitably as a sole trader for many years.
However, in the year ended 31 August 2022 she made a trading loss of £65,000.
Brooke has the following income in the tax year 2023/24:
Trading profit for year ended 31 August 2023: £12,000
Dividend income: £9,000
Property income: £4,000
ISA (Individual Savings Account)Interest Received: £1,000
What is Brookes’ net income for the tax year 2023/24 assuming she carries the trading loss forward?