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CHAPTER 8 – EXAMPLE 8 (Martin’s taxable income)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › CHAPTER 8 – EXAMPLE 8 (Martin’s taxable income)

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  • October 12, 2024 at 12:58 pm #712238
    GuyBrown98
    Participant
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    Hi,

    I’m currently working through the taxable income question at the end of Chapter 8. Why have the dividends of £440 been included as taxable income, even though there is an annual exemption of £1,000?

    Thanks

    October 12, 2024 at 3:41 pm #712241
    JillyB
    Keymaster
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    • ☆☆☆☆

    Ypu have to include the dividends in total income recevied and then when you are working out the tax on all your income you get the £1000 exemption.

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