ACCA Taxation (TX-UK) Income tax computation – Jointly owned assets
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good content
in the jointly owned asset of the married couple, in the example you made for us the understand the concept, can you explain me how did you get the 3000 as tax savings.
Why do we have a tax saving of £1300 instead of £1100 [(3000*40%)-(500*20%+2500*0%) in the last example of husband and wife where property income was split according to actual ownership?
(1000*20%) + (3000*40%) – (3500*0%) + (500*20%)
Many thanks for this lecture. Is it best to treat the values of interest and dividends received as Gross values, or to treat as Net values unless otherwise stated.
worthwhile