In 2017-18, Victor rents out a roo m in his house and receives rents of 8,150.

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In 2017-18, Victor rents out a roo m in his house and receives rents of £ 8,150. He incurs allowable expenses of £820. No "rent -a-room" elections are currently in force. What elections (if any) should he make?

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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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In 2017-18, Victor rents out a roo m in his house and receives rents of 8,150.

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The rentaroom exemption does not apply since gross rents exceed 7500 If Victo...View the full answer

Taxation Finance Act 2017

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