Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

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)

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: 873
    • ☆☆☆☆

    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: 873
    • ☆☆☆☆

    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.