In 2021-22, a landlord receives a premium of 12,000 when granting a lease to a tenant. Compute
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In 2021-22, a landlord receives a premium of £12,000 when granting a lease to a tenant. Compute the amount of this premium which is chargeable to income tax if the length of the lease is:
(a) 60 years
(b) 50 years
(c) 20 years.
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In the UK Income Tax for landlords on lease premiums are computed based on several rules If the leas...View the full answer
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