Fang commenced self-employment on 1 August 2010. She has a trading profit of £45,960 for the year ended 31 July 2011, and a trading profit of £39,360 for the year ended 31 July 2012.

Required:
(i) Calculate the amount of trading profit which will have been assessed on Fang for each of the tax years 2010–11, 2011–12 and 2012–13, and state the amount of any overlap profit. (3 marks)

(ii) Explain how Fang would have obtained relief for trading expenditure incurred prior to 1 August 2010 and for computer equipment which Fang already owned which was brought into business use on 1 August 2010. (2 marks)