Miss Jill thanks for Ur efforts and good explanation this Netting Technique is very very nice and really helpful in AR band questions i mean Ur all techniques are fabulous particularly NETTING one
Hi, Thanks for the clear explanation of Tax subject.
In example 13
I want to ask if the saving in self is $4000 so in itself it is low rate but because of the calculating the non-saving it jump in the high rate . So is it because of that we have to consider it a high rate . So in calculating the income tax it is like accumulating the taxable amounts from the non savings till the dividends column. So we don’t have to consider each column of the taxable amount as separate calculation from each other?
Chapter 2, Part 6, example 8 at 1:40min on the lecture.
Shouldn’t the £450 “interest from ISA” be included under Savings Income and deducted before reaching to the Taxable Income amount? The reasoning is that if we just mark it as exempt but don’t add a figure in front, it would be as if that income stream never existed. Would it be wrong if I did this?
Hi I have a question for part 9 – MCQ1 – about 11’40” in to the video – there is mention of taxable income being £106,800. It doesn’t say trade income, or employment income, but taxable income, which should include the dividends. And yet, when the ANI is calculated, the dividends are added to this taxable income before the gift aid is deducted. This confused me a bit. Am I wrong here? Thank you!
DreamVille01 says
No lectures on Annual Allowance and Tapered Annual Allowance???
scorpion716 says
Miss Jill thanks for Ur efforts and good explanation this Netting Technique is very very nice and really helpful in AR band questions i mean Ur all techniques are fabulous particularly NETTING one
alawi sayed says
Hi,
Thanks for the clear explanation of Tax subject.
In example 13
I want to ask if the saving in self is $4000 so in itself it is low rate but because of the calculating the non-saving it jump in the high rate .
So is it because of that we have to consider it a high rate .
So in calculating the income tax it is like accumulating the taxable amounts from the non savings till the dividends column.
So we don’t have to consider each column of the taxable amount as separate calculation from each other?
Can you please clarify.
Thanks
Thanks,
peixuni says
Hi,
Chapter 2, Part 6, example 8 at 1:40min on the lecture.
Shouldn’t the £450 “interest from ISA” be included under Savings Income and deducted before reaching to the Taxable Income amount?
The reasoning is that if we just mark it as exempt but don’t add a figure in front, it would be as if that income stream never existed.
Would it be wrong if I did this?
Thank you.
metania.acc@gmail.com says
Hi I have a question for part 9 – MCQ1 – about 11’40” in to the video – there is mention of taxable income being £106,800. It doesn’t say trade income, or employment income, but taxable income, which should include the dividends. And yet, when the ANI is calculated, the dividends are added to this taxable income before the gift aid is deducted. This confused me a bit. Am I wrong here? Thank you!
Beezelaberf says
As they have not said that the taxable income *includes* dividend income, we have added it to the taxable income. I think that’s what it means