[13A Income charged at the dividend nil rate]
Income Tax Act 2007 (2007 c 3) | Legislation

[13A  Income charged at the dividend nil rate]

[(1)     Subsection (2) applies if, ignoring this section, at least some of an individual's income would be charged to income tax at the dividend ordinary rate, the dividend upper rate or the dividend additional rate.

(2)     Income tax is charged at the dividend nil rate (rather than the dividend ordinary rate, dividend upper rate or dividend additional rate) on one or more amounts of the individual's income as follows—

Step 1
Identify the amount (“D”) of the individual's income which would, ignoring this section, be charged at the dividend ordinary rate.
Rule 1A: If D is more than [£500], the first [£500] of D is charged at the dividend nil rate (rather

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