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Cordelia is employed with a salary of £45,000 per annum. In the year 2012/13 she is provided with living accommodation with an annual value of £3,000. The property cost her employers £312,500 in 2010. Cordelia pays rent of £1,750 per annum. What is Cordelia's taxable benefit? The official rate of interest may be taken as 4.0%. The Cordelia's taxable benefit is: £________. |