A taxpayer had taxable gains of 15,000 from disposal of other assets and had taxable income of

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A taxpayer had taxable gains of £15,000 from disposal of other assets and had taxable income of £40,000. What is the total net tax liability amount for the tax year 2019/20 as per UK Tax Rules?

a. £14,000

b. £13,000

c. £7,500

d. £11,500

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Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: Jul 04, 2021 05:31 AM

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A taxpayer had taxable gains of 15,000 from disposal of other assets and had taxable income of

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ANSWER c 7500 Net Tx Libilities mens n munt whih my be sitive r negtive equl t the su... View the full answer

Personal Finance Turning Money into Wealth

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