Rachel, is a pharmacist working in an NHS

NHS trust has paid Rachel’s Professional membership fee of £400 during the tax year. Rachel is required to have this membership to work as Pharmacist.

On 6 July 2022, the NHS Trust lent Rachel £40,000 at an interest rate of 0.25 % p.a. Rachel repaid £20,000 of the loan on 6 February 2023.

During 2022/23 Rachel received UK dividends of £7,500, interest on his ISA of £500 and interest on her building society account of £5,000

Rachel Also had Gift Aid Donation of £8,000 (Net) during the tax year.

Prepare an income tax computation for Rachel for tax year 2022 -23. If any of her income is not taxable, explain why this is the case. (Assume that the official rate of interest is 2%).