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Frank was born 9 June 1970.For the tax year 2014/15 he has a trading profit of £210000,and made gross personal pension contribution of £60000.He does not have any brought forward unused annual allowances.
What is his income tax liability for 2014/15?
Kindly assist with the working for this question please.
An annual allowance of £20000 was added to the £210000.Please explain?
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