Vicky's income for 2017 -18 consists of her UK salary of 45,270 and rents from overseas property
Question:
Vicky's income for 2017 -18 consists of her UK salary of £45,270 and rents from overseas property (net of 30% withholding tax) of £3,500. Vicky is UK resident in 2017-18 and she is not a Scottish taxpayer. Calculate her UK income tax liability for the year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Property income is 5000 3500 x 10070 Therefore total income is 50...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following balances are shown in alphabetical order in a professional service firms ledger at the end of a financial year: Advertising ............ 15,000 Bank ................ 5,000 Capital...
-
What was the total amount that the agency was appropriated during the year What was the balance that was not used Is this amount available for immediate use by the agency If not why not Did the...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
In preparing the consolidation worksheet for Bolger Corporation and its 60 percent owned subsidiary, Feldman Company, the following elimination entries were proposed by Bolgers bookkeeper: Bolger's...
-
What does herpes (virus) have to do with Multiple Sclerosis?
-
A foreign subsidiary of Thun Corporation has one asset (inventory) and no liabilities. The functional currency for this subsidiary is the yuan. The inventory was acquired for 100,000 yuan when the...
-
What are the main phases of a design review?
-
Now suppose that Montieth had taken out a pencil, written 10 percent for life on the back of a register receipt, and handed it to Odin. Would this satisfy the Statute of Frauds? Why or why not?...
-
Define what type of fraud occurred in your specific case that you submitted in your first current event report last week. Use the fraud tree to determine the type of fraud. Be specific, cite your...
-
(a) Jean-Paul is a Canadian citizen. He owns a house in Canada and regards Canada as his home but he lives in the UK for eight months during tax year 2017 -18. During these eight months he tours the...
-
Peter has had a home in the UK for many years and has always been UK resident. He has worked in the UK throughout his adult life but he retired in December 2016. During tax year 2017-18 he takes a...
-
It has been said that a society with a high savings rate is a society with a high standard of living. What is the link (if any) between saving and a relatively high standard of living?
-
How can you as a human services professional practitioner improve engagement and create healthy and productive helping relationships through verbal and nonverbal communication?
-
Do you believe that language barriers can affect a patient's health and safety?
-
3. Dr. Teismann is traveling to Halifax at 110 km/hr when he sees a deer crossing the road 50 metres ahead. After slamming on the brakes, what is the minimum constant deceleration Dr. Teismann must...
-
In what ways do the wide discretionary powers possessed by actors in the justice system contribute to the concept of system fragmentation discussed in Chapter One?
-
Elements of a Contract Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable?
-
22 More mirrors. Object O stands on the central axis of a spherical or plane mirror. For this situation, each problem in Table 34-4 refers to (a) The type of mirror, (b) The focal distance f, (c) The...
-
The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...
-
The statement of financial position of Urbax plc at 31 July 2020 (with comparatives for the previous year) is shown below: Notes: (i) Equipment which had cost 30,000 during the year to 31 July 2017...
-
The following information has been taken from the financial records of Saptah plc for the financial year ended 31 October 2019: Required: Prepare a clear calculation of the net cash from operating...
-
The summarised statement of comprehensive income of Scharp Ltd for the year to 30 June 2020 is shown below, together with the company's statement of financial position at that date (with comparatives...
-
2.) A 400.0 N, 300.0 N and 200 N child sit on a long seesaw of 5.00 m. If the 400N child sits 1.25 m left of the fulcrum (at center) and the 200N sits 0.5 m right of the fulcrum, where should the...
-
Question The income statement has been prepared by Daisy Ltd's accountant for the current year ending December 31, 2023 is as follow: Sales 8,000,000 Cost of goods sold 3,500,000 Gross Profit...
-
Julie Palmer is a professional golf instructor who works on her own, as a self-employed individual. She uses the cash method of accounting and her SS# is 465-34-3389. Her principal business code is...
Study smarter with the SolutionInn App