Content: Factor affecting choice of loss relief, Tax adjusted trading loss computation, computation of corporation tax liability and losses discussion

Description: The question comprises three parts:

>Factors Affecting Loss Relief:
Discuss the various factors that influence loss relief.
>Computation of Tax-Adjusted Trading Loss:
Include calculations for capital allowances.
>Computation of Corporation Tax Liability and Loss Relief:
Calculate the corporation tax liability and discuss the application of loss relief.