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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Exempt income
Hello professor,
you did not discussed about third bullet in 2.1 which is “Gaming, lottery and premium bond winnings”. Can you tell me why these are exempted and under which heading they come i.e. the row in Income Tax Computation. Which type of income can we call them?
If income is exempt then you DO NOT include it in the income tax computation. You do not pay income tax on exempt income.
