Nicolo bought o residential property on 6 April 2022. She let it out immediately on an annual
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Nicolo bought o residential property on 6 April 2022. She let it out immediately on an annual rent of £2,000 per month, ell of which was received in the tox year 2022/23. Nicolo hod bought the property using on interest-only mortgage. The interest paid in the tox year 2022/23 was £9,500. She paid £2,400 in the year too managing agent. For many years Nicole's only income has been employment income of £60,000. Whet is Nicole's additional income tax liability in respect of her property business income in the tox year 2022/23?
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To calculate Nicolo s additional income tax liability for the tax year 2022 23 in respect of her pro...View the full answer