I was working on question 1(b) (Jodie) from BPP Exam Kit (FA2019), where we were asked to calculate the terminal loss. However, I don’t get how to work out the “overlap relief” which was stated as GBP6,500 in the answer.
Thank you for your help in advance.
[EDIT: just note that the overlap relief was given in the “additional information” section.. apologies, please kindly close this thread]