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 Income Bonds Application Form for Trustees Only 2018

2018-2025 Form

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hi folks and welcome back to meaningful money okay i'm still here at limona cove it'll be the last one from here but um you find a nice quiet spot and a bit of sunshine and it's worth making the most of it uh we're now moving on to the individual taxes as paid suffered by trusts and trustees and dealing today with income tax now you remember i said last time there is a special rate of income tax applicable to trusts the rat and that is 50 on interest and on property and it is 42 and a half percent payable on dividend income so there is also you remember the standard rate ban so the first thousand pounds of income received by a trust is taxed at the usual rate the individual rate if you like so that's 20 on savings and rental income and 10 on dividends but only the first thousand quid thereafter it's um it's at the full whack and remember that little wrinkle that i said that the thousand pound band if one settler one person setting

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