Income tax
7Dividend nil rate
(1)
In section 13A(2) of the Income Tax Act 2007 (income charged at the dividend nil rate), for “£2000”, in each place, substitute “£1,000”
.
(2)
The amendments made by subsection (1) have effect for the tax year 2023-24.
(3)
In section 13A(2) of that Act (as amended by subsection (1)), for “£1,000”, in each place, substitute “£500”
.
(4)
The amendments made by subsection (3) have effect for the tax year 2024-25 and subsequent tax years.