Your manager has had a meeting with Jonny who is establishing a new business. An extract from an email from your manager, a schedule and a computation are set out below.

Extract from the email from your manager
Jonny was born in 1968. His new business will begin trading on 1 November 2015. Jonny will use an inheritance he received following the death of his mother to finance this new venture. We have been asked to advise Jonny on his business and his inheritance. Some of the work has already been done; I want you to complete it.

Please prepare a memorandum for Jonny's client file addressing the following issues: 
(a) Unincorporated business
I attach a schedule which sets out Jonny's recent employment income and his plans for the new business. I think you will find it useful to read the schedule before you go through the rest of this email.

You should assume that Jonny does not have any other sources of income or any taxable gains in any of the relevant tax years.
(i) Jonny's post-tax income
Jonny has asked for an approximation of his post-tax income position for the first two trading periods. I want you to prepare calculations in order to complete the following table, assuming that any available trading loss reliefs will be claimed in the most beneficial manner. 
You should include explanations of the options available to relieve the loss, clearly identifying the method which will maximise the tax saved (you do not need to consider carrying the loss forward).

Table to be completed

Include a brief explanation as to why these calculations are only an approximation of Jonny's budgeted post-tax income.

Tax manager

Schedule — Employment income and plans for the new business 
Jonny's income

Jonny worked full-time for many years until 30 June 2013 earning a salary of £6,000 per calendar month. From 1 July 2013, he worked part-time earning a salary of £2,000 per calendar month until he ceased employment on 31 March 2015. 
Two budgets have been prepared for Jonny's business based on customer demand being either strong or weak. You should assume that no tax adjustments are required to Jonny's budgeted profit/loss figures for the first two trading periods. 
For strong demand, the taxable trading profit for the first two tax years has been computed; these figures are correct and you do not need to check them. You will, however, need to calculate the equivalent figures for weak demand.

Required: Prepare the memorandum as requested in the email from your manager. The following marks are available:
 (a) Unincorporated business:
 (i) Jonny's post-tax income. (15 marks)