In 2012/13 Diane has trading profits of £75,000 and rental income of £30,000.
What is Diane's income tax payable for 2012/13?
£________
The correct answer is: £32,884
Trading profits
Rental income
Less Personal allowance (W)
Taxable income
Non savings income
£34,370 x 20%
£65,025 x 40%
Personal allowance
Less: restriction
1/2 x (£105,000 - £100,000)
Adjusted PA
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