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Property Income

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.

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November 5, 2018 at 6:14 am #483837
aiza
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Rent a Room Relief
In example 4 wouldn’t it be beneficial if Barbara elect for ordinary calculation instead of alternative calculation. As in ordinary calculation property income is higher (6600) than alternative calculation (1200).
November 16, 2018 at 5:09 am #484962
Tax Tutor
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Not sure what you are saying here – the ordinary calculation gives an assessment of 6,600 whereas the rent a room relief calculation gives an assessment of 300!
Clearly paying tax on only 300 is much better than paying tax on 6,600
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