Savings, dividends and total income

Savings, dividends and total income

Savings income and dividends are taxed at the recipients' highest tax rate.

The relevant legislation in ITA07/S16 sets out the following rules.

If a person has savings income but no dividend income, the savings income is treated as the

Tax if you return to the UK

Tax if you return to the UK

There are tax implications that you will need to consider if you previously left the UK to live abroad and are now returning to live and work in the UK or are considering such a move.

In most cases, if you have returned to live in the UK, you will

Rent a room relief 2019-20

Rent a room relief 2019-20

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7,500 per year has been in place since 6 April 2016. If you are using this scheme you should ensure