- Income that is specifically exempt from tax. Examples of such income include:• income received under a maintenance agreement or court order in cases of divorce or separation;• income from National Savings Easy Access Savings Accounts;• income from Individual Savings Accounts (ISAs);• up to £4250 annually from a ‘rent-a-room’ scheme;• income from scholarships;• winnings from betting (including the National Lottery), premium bond prizes, and competition prizes.
Accounting dictionary. 2014.
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non-taxable income — Income that is specifically exempt from tax. Examples of such income include: • income received under a maintenance agreement or court order in cases of divorce or separation; • income from National Savings Easy Access Savings Accounts; • income… … Big dictionary of business and management
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