Hi! I have a question about Example number 8 regarding Dividends received of 440, why did you note exempt because of the first 1,000 when the question is taxable income? The first 1,000 is about the Dividends Income Nil Band Rate right for computing Tax liability? but it doesn’t affect the computation and answer because the 440 is still included in taxable income. It just makes me confused.
Hey! I have the same doubt – when the tutor was initially going through all the different points, she said that because of the dividends income nil band rate, the £1000 will NOT be taxed. Why is it now that the £440 are added to the taxable income comp? Could someone please explain this to us?
jonelynnavarro says
Hi! I have a question about Example number 8 regarding Dividends received of 440, why did you note exempt because of the first 1,000 when the question is taxable income? The first 1,000 is about the Dividends Income Nil Band Rate right for computing Tax liability? but it doesn’t affect the computation and answer because the 440 is still included in taxable income. It just makes me confused.
Tharsika19 says
Hey! I have the same doubt – when the tutor was initially going through all the different points, she said that because of the dividends income nil band rate, the £1000 will NOT be taxed. Why is it now that the £440 are added to the taxable income comp? Could someone please explain this to us?