In 2020-21, Alfred (not a Scottish taxpayer) had business profits of 16,870 and received net debenture interest
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In 2020-21, Alfred (not a Scottish taxpayer) had business profits of £16,870 and received net debenture interest of £1,520. He acquired the debentures on 1 July 2020 and accrued interest (gross) on 5 April 2021 was £950. Calculate the income tax payable for the year.
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Business profits Debenture interest 1520 x 10080 Total income Less ...View the full answer
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Rituparna Chatterjee
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I worked as a tuition teacher in economics. Economics being my subject I love working in the areas of development economics, microeconomics and trade. I have participated in several workshops and seminars related to economics.
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