Ivan's income for the tax year 2017-18 is as follows: Part-time salary 15,985 Net interest on gilt-edged

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Ivan's income for the tax year 2017-18 is as follows:

Part-time salary £15,985 Net interest on gilt-edged securities £1,360 Premium bond prize £50 Dividends £18,560 His personal allowance for 2017 -18 is £11,500.

Compute the income tax payable byIvan for the year.

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 06, 2024 05:00 AM

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Ivan's income for the tax year 2017-18 is as follows: Part-time salary 15,985 Net interest on gilt-edged

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In order to calculate the income tax payable by Ivan we need to follow these steps 1 Calculate Ivans ...View the full answer

Taxation Finance Act 2017

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