A taxpayer had taxable gains of 15,000 from disposal of other assets and had taxable income of
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Question:
A taxpayer had taxable gains of £15,000 from disposal of other assets and had taxable income of £40,000. What is the total net tax liability amount for the tax year 2019/20 as per UK Tax Rules?
a. £14,000
b. £13,000
c. £7,500
d. £11,500
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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