Exempt income

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Revision as of 09:34, 31 August 2016 by imported>Doug Williamson (Create the page. Source: HMRC webpage https://www.gov.uk/income-tax)
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1. UK tax - Income Tax.

Exempt income is income which is outside the scope of the Income Tax system in the UK.

Examples include premium bond winnings and income from New Individual Savings Accounts (NISAs).


2.

More generally, exempt income is income which is outside the scope of either:

  • a particular tax; or
  • all taxes.


See also

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