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Unlimited Ltd, a company which prepares accounts to 31 March, owns a property which it lets for the first time on 1 July 2012 at a rent of £4,000 per annum payable monthly in advance. The tenants left on 28 February 2013. Unlimited Ltd paid interest on a loan to purchase the property of £1,000. What is Unlimited Ltd's taxable property income for the year ended 31 March 2013? A. £2,000. B. £3,000. C. £1,667. D. £2,667. |