Taxation of the unincorporated business for P6 (UK) - part 1: self-test

Test your understanding

(1). Abel has always prepared accounts to 30 June. What are the basis periods for the final two tax years if he ceased to trade on either:

(i) 28 February 2016, or
(ii) 31 May 2016?

(2). Duncan ceased trading and realised a loss in his final trading period.

What alternative reliefs are available in respect of this loss?