20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Ch 8 Example 8 re Dividends of £440

This topic has 1 reply, 2 voices, and was last updated 5 months ago by JillyB.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
June 6, 2024 at 8:47 pm #706868
AWILDONELINCS
Participant
- Topics: 9
- Replies: 4
You mentioned in your narrative that this was exempt as below £1,000, so should this have been excluded in the model answer?
June 10, 2024 at 11:45 am #707080
JillyB
Keymaster
- Topics: 0
- Replies: 857
The question asked you for the taxable income and dividends need to be included as they are taxable. Any tax free element would be dealt with in the tax calculation
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.