ISA

This topic has 2 replies, 2 voices, and was last updated 5 years ago by Tax Tutor.

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September 6, 2020 at 9:05 am #583637
agnes222
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sir if ISA amount over 20000( say 32000) is given then what do we do if we are asked to find net income for 19/20?
September 6, 2020 at 9:09 am #583638
agnes222
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is the full 32000 chargeable or only the excess of 12000 to be included in net income?
September 10, 2020 at 11:39 am #584661
Tax Tutor
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You can ONLY invest 20,000 in an ISA – you cannot invest 32,000
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