Imran is an Australian resident. During the 2019-20 financial year he earned$60?000assessable income from Australian sources and$50?000income from investments in the United Kingdom. He has already paid$17?000UK tax on the$50?000income. The same investments were only liable to$12?000tax if taxed in Australia. What is his Australian income tax liability?

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The Answer of Imran is an Australian resident. During the 2019-20 financial year he earned$60?000assessable income from Australian sources and$50?000income from investments in the United Kingdom. He has already paid$17?000UK tax on the$50?000income. The same investments were only liable to$12?000tax if taxed in Australia. What is his Australian income tax liability?

Imran Is an Australian Resident