New dividend allowance
Posted by mostafa on 25 August, 2015
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This item was filled under Tax
The government has issued a factsheet outlining how the new tax-free dividend allowance will operate when it comes into force on 6 April 2016. The new rules ensure that tax will not be payable on the first £5,000 of the dividend income and applies irrespective of any non-dividend income earned.
From April 2016 new rates will also be introduced …