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ISA reforms confirmed for 2008
Comments
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The tax on dividends for a higher rate taxpayer is 32.5% minus the 10% equals 22.5%.
You need to add the tax credit on top and then do the calculations. The tax is 10% and 32.5% of the total payment of dividend plus 10% dividend tax credit.Trying to keep it simple...
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Ah I see where it's coming from now.
Thanks for that.0
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