stuck on PTC - help?

Hunnie
Hunnie Registered Posts: 41 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi,

Can anybody help me?
When calculating the assessable amount of savings and dividends income, sometimes an exempt amount is included in the workings but just at gross value and other times it is completely left out, and therefore not included in the assessable amount at all.

Is there a way of knowing when to show it, and when to leave it out?

Thanks

Comments

  • 111beckstar111
    111beckstar111 Registered Posts: 158 Dedicated contributor 🦉
    If it's exempt ignore it totally.
  • Greycow
    Greycow Registered Posts: 83 Regular contributor ⭐
    The savings/dividends that you do not include are anything ISA related as these are tax free.

    Hope this helps

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