20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Exempt bank deposit interest (Examples 2 – 5 of Chapter 1)

This topic has 3 replies, 2 voices, and was last updated 12 months ago by JillyB.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
November 21, 2023 at 5:50 pm #695213
Somtee
Participant
- Topics: 18
- Replies: 6
Hello Jill,
Thanks for the lectures. In examples 2 – 5 of Chapter 1 of the lecture notes, the bank deposit interest is subject to tax. Aren’t they exempt as stated in the earlier part of the same notes?
November 22, 2023 at 5:36 pm #695269
JillyB
Keymaster
- Topics: 0
- Replies: 860
bank deposit income is taxable – an ISA interst is exempt
November 23, 2023 at 4:15 pm #695347
Somtee
Participant
- Topics: 18
- Replies: 6
Thanks
November 24, 2023 at 1:39 pm #695405
JillyB
Keymaster
- Topics: 0
- Replies: 860
No worries and all the best with your exam
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.