How to compute tax for an unicorporated trader (when individual moves from employment to selfemployment)?
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An unicorporated trader
When an unincorporated trade commences, which would normally be after a period of employment then the opening years bases of assessment will apply - have you worked through chapter 6? Equally if an individual moves from self employment to employment then this would constitute a cessation of trade and the closing years bases of assessment would apply - again see chapter 6
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