Melissa owns a house which she lets to tenants. The house was let througho ut tax year
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Melissa owns a house which she lets to tenants. The house was let througho ut tax year 2017-18 at a rent of £600 per month . Her allowable expenditure in 2017-18 was £900 and she had property losses brought forward from 2016 -17 of £6,550. Her other income in 2017-18 was as follows:
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15,980 1,730 Retirement pension Building society interest Compute Melissa's income tax liability for the year.
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To compute Melissas income tax liability for the tax year 201718 we must first calculate her total taxable income from all sources and then apply the ...View the full answer
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