Bernice (who is not a Scottish taxpayer) has the following income in 2021-22: She makes a qualifying

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Bernice (who is not a Scottish taxpayer) has the following income in 2021-22:

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She makes a qualifying EIS investment of £20,000 in August 2021. Compute her income tax liability for 2021-22, assuming that there are no Gift Aid donations or pension contributions during the year.

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Jan 31, 2024 02:01 AM

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Bernice (who is not a Scottish taxpayer) has the following income in 2021-22: She makes a qualifying

Question:

Business profits Building society interest Dividends received 102,850 410 7,240

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The first step to calculating Bernices income tax liability for the 202122 tax year is to sum her total taxable income According to the information pr...View the full answer

Taxation Finance Act 2021

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