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Posted Sun, 06 Oct 2024 15:18:49 GMT by morgan1
If I receive a bursary to undertake a training placement but I am not employed in the training placement and have no contract of employment, is the bursary exempt from income tax?
Posted Tue, 15 Oct 2024 12:51:38 GMT by HMRC Admin 17 Response

Hi ,
 
In general, bursaries are not taxable, however, some can affect tax credits.

Thank you .

 

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