Taxation of the unincorporated business for ATX (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 2019, or
(ii) 31 May 2019?

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

What alternative reliefs are available in respect of this loss?