Esm receives dividends of 14,230 in tax year 2023-24 and has no other income for tax purposes.

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Esmé receives dividends of £14,230 in tax year 2023-24 and has no other income for tax purposes. She makes a gross deductible payment of £100 during the year. Calculate her income tax liability for 2023-24:

(a) with the deductible payment

(b) as it would have been without the payment.

How would the situation differ if her dividend income had been £1,000 lower?

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 02:01 AM

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Esm receives dividends of 14,230 in tax year 2023-24 and has no other income for tax purposes.

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Notes i With dividends of 14230 Esms highest rate of tax is the dividend ordin...View the full answer

Taxation Finance Act 2023

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