Investments Income Flashcards
1
Q
Investment Income
How is Interest Always Received?
A
Gross.
(No Tax Deducted at Source)
2
Q
Investment Income
What Does The Level of Savings Allowance Depend on?
A
The Individual’s Marginal Rate of Tax.
3
Q
Investment Income
The Dividend £Nil Rate Applies to:
A
The First £1,000 of Dividends Received.
(Available to Any Taxpayer)
4
Q
Investment Income
How Are Stock Dividends Treated For Tax Purposes?
A
Taxed on Receipt in The ‘Normal’ Way.
The Cash Foregone is Treated as a Dividend.
