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Jeremy is employed at a salary of £35,000 per annum. A suit costing £1,000 is purchased on 6 April 2011 by his employer for his use. On 6 April 2012 Jeremy purchases the suit for £100, its market value then being £150. What is Jeremy's taxable benefit for 2012/13? Jeremy's taxable benefit for 2012/13 is £: ________. |