X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Tax

    Clause 24 Question

    Does dividend income contribute to an individual's taxable band status with respect to Clause 24?

    For example if a basic tax rate payer with a privately owned rental property took a large enough dividend payment from a separate Company to push them into the higher rate tax band.

    0
    0

    all gets included as your income, and tiered correspondingly.  That is if your UK tax resident.

    0
    0

    This is a simple one, the answer is yes. It does use up your tax allowances.

    0
    0

    Landlord with 25 years’ experience in the property market and a specialist in tenant referencing, ID and credit screening. Creator of identity, credit and anti-money laundering system ValidID.co.uk


    I see. So to be clear in a tax year if an individual had private property rental net income of £30,000, took dividend income of £50,000 from a seperate business and had no other income then from a clause 24 perspective this would push them into the higher rate tax band and they woud be restricted to offsetting loan interest up to 25% on the private rental property when clause 24 is fully implemented?

    0
    0

    Yes it includes all income Pensions Salary Dividends ect


    0
    0

    Learn Change and Adapt ?????

    You will be able to offset 20% not 25%

    0
    0

    Or rather you can offset none of the interest but get 20% tax relief.

    0
    0