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PTP TR - What is excluded income

Article ID
kba-03777
Article Name
PTP TR - What is excluded income
Created Date
17th March 2021
Product
Problem
What is excluded income?
Resolution

Excluded income, also known as disregarded income, may appear on the tax calculation summary for a non resident client i.e. with a cross in box 1 on the Residence pages, and relates to ITA07/S811.

For non resident clients two tax calculations are run side by side behind the scenes and the one which results in the best outcome for the client is selected.  The first calculation includes all income and also gives the Personal Allowance.  The second calculation has no Personal Allowance but certain types of income are excluded e.g dividends, interest, state pension.

More information may be found here https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim1170.

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