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Fred has been trading for many years. He has the following recent trading resul...
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Fred has been trading for many years. He has the following recent trading results:
Year to 31 March 2022 £15,000 Loss
Year to 31 March 2023 £8,000 Profit
Year to 31 March 2024 £10,000 Profit
Fred has decided to carry his loss forward.
After deduction of loss relief, how much will be his trading income for the year to 31 March 2024?
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