✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Mary has a cottage which she lets out furnished for an annual rent of £9,600, payable monthly in advance.
She incurred the following expenditure, which was paid for on the dates shown:
| £ | ||
|---|---|---|
| 6 April 2023 | Council tax (for the year to 31 March 2024) | 900 |
| 6 October 2023 | Insurance for the year ended 30 September 2024 (previous year £480 paid 5 October 2022 | 540 |
| 9 December 2023 | Replaced the fridge with a similar model | 870 |
What is Mary's property income for the tax year 2023/24