Section 7 Dividend nil rate

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”.

The amendments made by subsection (1) have effect for the tax year 2023-24.

In section 13A(2) of that Act (as amended by subsection (1)), for “£1,000”, in each place, substitute “£500”.

The amendments made by subsection (3) have effect for the tax year 2024-25 and subsequent tax years.