Spring Budget 2017: Income Tax: dividend allowance reduction
Wednesday, 8 March 2017 13:39
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The current law for the rates of tax for dividends received by
individuals is included in Chapter 2 of Part 2 Income Tax Act 2007.
Section 13 sets out the main rates and section 13A provides that an
amount, currently £5,000, is charged at a nil rate. Legislation
will be introduced in Finance Bill 2017 to change the amount of
dividend income that is charged at the nil rate by section 13A to
£2,000 from tax year 2018 to 2019. Income Tax: dividend allowance
reduction...Request free trial
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