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Dear sir,
In chapter 1 there example 17. the role said that you will lose £1 for every £2 you earn over 100000 but in chapter 17 the personal allowance still applies.
could you please explain why this has happen?
also does the personal allowance applies if the total income for there ended trading income +dividend + bank interest goes beyond 100000 the role of personal allowance applies or what will happen?
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