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

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Exempt bank deposit interest (Examples 2 – 5 of Chapter 1)

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  • November 21, 2023 at 5:50 pm #695213
    Somtee
    Participant
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    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
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    bank deposit income is taxable – an ISA interst is exempt

    November 23, 2023 at 4:15 pm #695347
    Somtee
    Participant
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    • ☆

    Thanks

    November 24, 2023 at 1:39 pm #695405
    JillyB
    Keymaster
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    • ☆☆☆☆

    No worries and all the best with your exam

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