Chapter 2 , example 15

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January 31, 2024 at 12:04 pm #699397
Anonymous
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Hi
In our notes, page no 28 example 15 , kerry is a high rate tax payer
Kerry pays charity under gift aid scheme,
So only her BRB is increased by the gross amount right?

In page no 221, the answer
We have increased both the BRb and HRB by the gross gift aid .

please clarify
Thanks!
February 2, 2024 at 3:24 pm #699587
JillyB
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Yes a gift aid will extend both rate bands by the gross amount
February 3, 2024 at 11:56 am #699671
Anonymous
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Hi,
In our notes , its written
for HR taxpayers , we extend BRB

for AR taxpayers we extend BRB and HRB

so for both HR and AR taxpayers , the BRB and HRB are extended , right

thanks
February 3, 2024 at 2:47 pm #699681
JillyB
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Correct. If HR then you dont need to do AR as it’s irrelevant isnt it?
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