can you create an income tax liability with $-$ Stephen is $47$yrs old he works full$-$time as a senior manager in a waste company, Trash Ltd$.$ Stephen will be based in their city centre offices. Stephen has an annual salary of $118,000,$ a company car; $2$ litre Volvo with C$02$ emissions of $152$g$/$km$.$ He contributes $10\%$ of his gross salary into his company defined contribution pension scheme. Stephen$$s company pay $3$ times his annual salary as in death service benefits. Stephen has a second property that he bought and has renovated. He is thinking of selling the property and using any profit from the sale to invest in stocks and shares. The property$$s original cost was $104,500,$ fees to purchase the property were $2,500$ and renovation costs total $40,000.$ Current market value of the property is $225,000.$ Pension contributions $18,000,$Bank accounts $2,050/2$ @ $1\mathrm{.}5\%,$ Building society deposits $8,500/2$ @ $2\mathrm{.}8\%,$ Other qualifying loans $22,00048$ x $458\mathrm{.}33$