P will be the distance from your trailer hitch to the centre of your single axle, or the mid point between tandem axles if that is what you have.(Rear Axis) That is also called the forward distance. And as per this NZ, dimension pictured below, that is 8.5m. (in NZ).
The maximum rear over hang is measured from the rear axis(middle of that single axle or midpoint between tandems) and in NZ is maximum 4 metres from that rear axis.
Re the front overhang, this is what the NZ regs say ..... front overhang means the distance from the centre of the tow coupling to the foremost point of the vehicle (trailer, including its load). The maximum for light simple trailers is 2.04 metre radius arc ahead of the tow coupling.
Yes, before anyone jumps on me, he is not in NZ...but this might give you some idea of how to interpret your local regs.
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