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Posts Tagged: Dividends

Summer Budget Highlights for Personal Tax

Posted by on July 14th 2015 in Blog Posts, Private Client

Summer Budget Highlights for Personal Tax

Summer Budget Highlights for Personal Tax:

The Personal tax Allowance will rise to £11,000 for 2016-2017.

The rate before paying tax at 40% will rise to £43,000 for 2016-2017.

Buy to Let Landlords the mortgage interest relief is to be restricted to basic rate with the change to be introduced over 4 years from April 2017.

Finally there is a big shake up of the way the taxation of dividends will be treated.

Currently dividends are treated as having had 10% tax deducted at source.

From April 2016 everyone will receive the first £5000 of dividend income tax free and then above the £5000 you will...

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