74 INCOME TAX 
Income. 
Nos. 2, 4, 6, 8, and 10, Green Street, 
Barnstaple (Leasehold) (dnnex tax £ s. d. 
receipts if possible) .. oie + 166.10 O 
Own residence (Freehold) do. or Ome) 
X.Y. Z. Company, Ltd. (annex Counter- 
foils of Dividend Warrants) «80.00 
P. Q. Gold-mining Company, Ltd., do. 142 17 2 
414 7 2 
Less deductions—viz., interest paid to 
the Thrift Building Society (as per 
certificate annexed) . . . ae 17 Ged 
Ground rent on five houses above, paid 
to 0. Rogers, 32, Camberwell Green, 
London, S.E. ot -e 20-0 0 
Mortgage, £200 at 5 per cent., to C. 
Isaacs, Clun Street, Malvern 52310 050 
47 6 4 
Net income .. os «+3687 0.10 
  
Tax Paid 
(1918 Rate). 
2s 
4 
= bo 
BO -1 
fd fd 
3 ~_No Oe 
0 HE 
Jt 
bo 
- 
  
115 6 2 
As his entire income is not over £500, he reckons 
that he should pay tax only at 3s. in the £, so he 
calculates as follows: 
2. 5d ££ 5:4 
Net income i = 367 0-10 
£ ‘s.d 
Less abatement  .. SEA 0-0 
Wife .. od 95 0. 0% 
Two children .. 50 0 Of 
Insurance i ve 22800 
Building Society (interest 
already taxed) .. 17 6 4 
237 6 4 
12014 6 19 9 2 
and claims repayment of the difference, £95 17s. 
* For 1919-20, £50. 
t+ For 1919-20, £65.