Tx notes fa22 Final

Calculate the income tax liability of Jessica for 2022/23. 
3. Karl 
Karl has the following income and outgoings for 2022/23:
PAYE of £48,520 was deducted from the Employment income.
Calculate the amount of income tax payable by Karl for 2022/23. 
Kate has the following income and outgoings for 2022/23:
£
Trading profit
38,000
Employment Income
8,000
Bank Deposit Interest (amount received)
3,500
Dividend income (amount received)
7,000
Qualifying interest (amount paid)
1,000
Gift aid (amount paid)
2,000
Employment income
140,000
Dividends received
30,000
Qualifying interest (amount paid)
3,000
Gift aid (amount paid)
3,200

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4. Mr & Mrs Mature 
Mr Mature receives property income of £35,000 which is his only source of income in the tax year 
2022/23.
His wife Mrs Mature has no income in 2022/23.
Calculate the income tax liability for Mr Mature for 2022/23 assuming any beneficial elections 
are made and recommend what course of action you would advise the couple to take to 
reduce this liability and compute the saving that would have been achieved from this action in 
2022/23. 
5. Peter 
Peter acquired two properties on 1 June 2022 for purposes of letting that were first let from 1 July 
2022.
Property A
is let unfurnished for an annual rental of £4,000 payable quarterly in advance from 1 July 
2022. Peter incurred the following expenditure in respect of this property during the period to 5 April 
2023:
20 June 2022
Repairs to roof following a storm earlier in the week
£1,600
29 June 2022
Insurance for y/end 31/5/22
420
1 February 2023
Repainting exterior
810
Property B
is let partly furnished for an annual rental of £5,000, payable quarterly in arrears. The 
tenants were late in paying the amount due on 31 March 2023, and this was not received until 15 
April 2023. Peter incurred the following expenditure in respect of this property during the period to 5 
April 2023:
4 June 2022
Letting expenses paid to agent
40
29 June 2022
Insurance for y/end 31/5/22
585
In addition to the expenses incurred on property B. Peter purchased the following items during the 
tax year in June 2022:
In February 2023 Peter sold the fridge and the washing machine for £120 and £100 respectively, 
replacing these items with a new fridge freezer costing £500 although the price of the original fridge 
was now £350 and a new, but similar model washing machine for £250.