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Question 9 3 pts Phillip owns a large house and has chosen to rent a room to his friend Patricia for 650 a month
Question 9 3 pts Phillip owns a large house and has chosen to rent a room to his friend Patricia for 650 a month including all bills. This arrangement continued throughout the tax year 2020/21. Phillip incurred some additional expenses due to renting the room to Patricia. The additional monthly costs were: utilities 50 insurance 15 cleaning 80 If he takes advantage of all available reliefs and is a higher rate taxpayer, how much income tax will he pay on this rental income? 120 1,515 2,424
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