A chapter covering the tax treatment of various forms of savings and investment income, such as bank interest, share and unit trust dividends, rents, and income from trust funds. The author gives tax saving tips, and illustrates points with real-world examples.

Outlines the provisions which exempt UK dividends from taxation under the Corporation Tax Act 2009.

Explains how corporation tax applies to trading income and the ways in which it differs from income taxation. Covers the annual investment allowance, first-year tax credits and capital allowances for plant and machinery.

Introduces personal allowance and blind persons's allowance for taxable income. Includes example calculations illustrating the personal allowance, blind person's allowance, savings allowance and the dividends nil rate band.

Provides details of the three different sets of tax rates under the Income Tax Act 2007: non-savings income, savings income, and dividend tax rates. This section includes a note on the extension of the basic rate band.

Summarises the three chief sources of income which must be aggregated in tax computations, organised under non-savings income, savings income tax, and dividend tax rates. It also notes a number of sources exempt from income tax.

This latest edition has been revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies. Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more.

The Daily Telegraph Tax Guide is the UK's bestselling tax handbook, containing everything you need to know about completing a self-assessment tax return for 2019/20.