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Daisy had the following income for the tax year 2019/20. 1) Gross Salary - 103000(her employer deducted PAYE of 32600) 2) Property income - 16000
Daisy had the following income for the tax year 2019/20.
1) Gross Salary - 103000(her employer deducted PAYE of 32600)
2) Property income - 16000
3) bank interest received - 1600
4) premium bond prize - 100
The property income consisted of:
Property business income from letting out a furnished house 9000
income from letting out a room in Daisy's house. 7000
prepare the income tax computation for 2019/20, showing the tax liability and the tax due to be paid.
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