In 2020-21, Owen (who is not a Scottish taxpayer) makes qualifying Gift Aid donations totalling 760. He
Question:
In 2020-21, Owen (who is not a Scottish taxpayer) makes qualifying Gift Aid donations totalling £760. He has no capital gains tax liability for the year. Show his income tax computation if his only income for the year consists of business profits of:
(a) £28,825
(b) £12,715
(c) £246,590.
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Business profits Less Personal allowance Taxable income Income tax a 16325 b 950 950 c 38450 112500 ...View the full answer
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