Mary's income for tax year 2017-18 consists of business profits of 26,920, dividends received of 124,460 and

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Mary's income for tax year 2017-18 consists of business profits of £26,920, dividends received of £124,460 and rents received of £3,750.

Her personal allowance for the yearis £nil. Calculate Mary's income tax liability for 2017-18, assuming that the rents received are not within the "rent-a-room" scheme.

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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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Mary's income for tax year 2017-18 consists of business profits of 26,920, dividends received of 124,460 and

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Taxation Finance Act 2017

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