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Property Income – Exercice 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Property Income – Exercice 3

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • June 1, 2020 at 12:08 pm #572501
    yumarti
    Participant
    • Topics: 1
    • Replies: 4
    • ☆

    Hello, thank you for the videos and the notes.
    In the exercice 3 of Property Income chapter, why don’t you take into account the 500£ of savings nil rate band as a higher tax payer ? Thank you in advance

    June 2, 2020 at 11:25 am #572579
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    There is NO savings income and therefore no savings income NRB. It is essential that you know how to classify income on the income tax computation, Savings income is only interest income – both property income and employment income as seen in this exercise are examples of non savings income!

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