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

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

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November 21, 2023 at 5:50 pm #695213
Somtee
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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
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bank deposit income is taxable – an ISA interst is exempt
November 23, 2023 at 4:15 pm #695347
Somtee
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Thanks
November 24, 2023 at 1:39 pm #695405
JillyB
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No worries and all the best with your exam
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