Sunny Ltd has had the following results: Period Trading Profit/(loss) ￡ Year ended 31 December 2015 (120,000) Five-month period ended 31 December 2014 47,000 Year ended 31 July 2014 90,000 The company does not have any other income.How much of Sunny Ltd’s trading loss for the year ended 31 December 2015 can be relieved against its total profits of ￡90,000 for the year ended 31 July 2014?
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