In 2017-18, a landlord receives a premium of 12,000 when granting a lease to a tenant. Compute
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In 2017-18, a landlord receives a premium of £12,000 when granting a lease to a tenant.
Compute the amount of this premium which is chargeable to income tax if the length of the lease is:
(a) 60 years
(b) 50 years
(c) 20 years.
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The UK tax system requires landlords to pay income tax on the profit they make from renting out prop...View the full answer
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