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Question 1a other info Note 1
Josie owns two properties, which are let out. Property one qualifies as a trade under the furnished holiday letting rules, whilst property two is let out unfurnished. The income and allowable expenditure for the two properties for the tax year 2011–12 are as follows:
| Property one | Property two | |
|---|---|---|
| £ | £ | |
| Income | 6,600 | 7,200 |
| Allowable expenditure | 9,700 | 2,100 |
Required:
What property income will be assessed for the year?