In 2020-21, Christopher (who is not a Scottish taxpayer) has rental income of 28,590. He also has
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In 2020-21, Christopher (who is not a Scottish taxpayer) has rental income of £28,590. He also has bank interest of £1,050 and dividends of £204,100. His personal allowance for the year is zero and he makes no Gift Aid donations or pension contributions. Calculate his income tax liability for the year. How would this differ for a Scottish taxpayer?
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Income from property Bank interest Dividends Total income Less Personal allowance Taxable income Inc...View the full answer
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