Olivia commenced business as a self-employed acupuncturist on 1 January 2012. Her results for her first set of accounts for the eighteen month period to 30 June 2013 are as follows:

Notes:

1. Olivia paid herself a salary of £30,000. She also employed a receptionist for £15,000 and her husband, Jake, to do the business's accounts for £750.

2. Rent and rates relate to the whole of the practice building. The two rooms on the ground floor are used for the business. Olivia and her husband live above. Olivia uses one of the rooms as her office; the other two upstairs rooms are used for private purposes.

3. In addition, she spends £950 on equipment during the period.

You are required to:

1. Calculate Olivia's taxable trading profit for the eighteen month period to 30 June 2013.

2. State the amount that will be taxed in 2012/13.

3. State the amount of any overlap profits created in respect of the 18-month period to 30 June 2013.