In the tax year 2020/2021, Elsa had the following income:

• Employment income £95,075

• Property income £31,300

• Bank interest £26,425

• Dividends from UK companies £17,000

 REQUIRED:

 Determine Elsa's income tax liability for 2020/2021.

Answer rating: 100% (QA)

To determine Elsas income tax liability for the tax year 20202021 in the UK we need to calculate her total taxable income and then apply the appropria... View the full answer