5.7 Melissa owns a house which she lets to tenants. The house was let throughout tax year...
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5.7 Melissa owns a house which she lets to tenants. The house was let throughout tax year 2016-17 at a rent of 600 per month. Her allowable expenditure in 2016-17 was 900 and she had property losses brought forward from 2015-16 of 6,550. Her other income in 2016-17 was as follows: Retirement pension Building society interest 15,480 1,730 Compute Melissa's income tax liability for the year.
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