Stephanie (who is not a Scottish taxpayer) has the following income in 2020-21: Compute Stephanie's income tax

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Stephanie (who is not a Scottish taxpayer) has the following income in 2020-21:

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Compute Stephanie's income tax liability for the year, assuming that the rents received are not within the "rent-a-room" scheme and that Stephanie is entitled to the personal allowance of £12,500. How would this differ for a Scottish taxpayer?

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:02 AM

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Stephanie (who is not a Scottish taxpayer) has the following income in 2020-21: Compute Stephanie's income tax

Question:

Income from self-employment Rents received Bank interest Dividends 29,880 15,730 200 250

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Selfemployment income Income from property Bank interest Dividends ...View the full answer

Taxation Finance Act 2020

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