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chapter 2

Cchidera8y ago
hello, in example 3 of the chapter 2 of the note, why was the 20000 of the savings income divided into 16500 for basic rate and 3000 for higher rate?
Cchidera8y ago#1
I will be writing this f6 by June 2018. will there be any changes to this 2016/17 syllabus? should i continue using this note and lectures or should i wait for the changes?
TTTax Tutor8y ago#2
In the example you quote the taxation of the 20,000 savings income is firstly 500 in the savings income nil rate band which when added to the non savings income already taxed leaves only 16,500 of the basic rate band still available and means that the remaining 3,000 of the savings income is pushed into the higher rate band. The new FA 2017 OT course notes are required for the June 2018 exam and will be available within the the next couple of days and the lectures will then start to appear thereafter, so as it would appear you are only now commencing your studies I would advise waiting and then using the new notes so as to avoid any confusion.
Cchidera8y ago#3
Thanks alot
Cchidera8y ago#4
Hello, sir is the new notes for the f6 June 2018 exams out yet?
Rrobgarise8y ago#5
Chapter 2_Example 9_Answer: It seems there is a typing error on the dividend calculation of 31,000 @ 38.1% = 11,181 It should read 11,811 To give the Income Tax Liability of 74,411
TTTax Tutor8y ago#6
Yes indeed, I thought that updating error had been corrected - just one query though - when are you sitting the exam?
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