Bernice (who is not a Scottish taxpayer) has the following income in 2017-18: She makes a qualifying
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Bernice (who is not a Scottish taxpayer) has the following income in 2017-18:
She makes a qualifying EIS investment of £20,000 in May 2017 . Compute her income tax liability for 2017-18, assuming that there are no Gift Aid donations or pension contributions during the year.
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Business profits Building society interest Dividends received 102,850 410 7,240
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To compute Bernices income tax liability for the year 201718 we need to follow the UK tax rules applicable for that year Firstly lets summarize her in...View the full answer
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