In 2020-21, a landlord receives a premium of 12,000 when granting a lease to a tenant. Compute

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In 2020-21, a landlord receives a premium of £12,000 when granting a lease to a tenant.

Compute the amount of this premium which is chargeable to income tax if the length of the lease is:

(a) 60 years

(b) 50 years

(c) 20 years.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:02 AM

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In 2020-21, a landlord receives a premium of 12,000 when granting a lease to a tenant. Compute

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Taxation Finance Act 2020

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