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2024-2025 tax year - Capital Gain tax on Interest from savings

Mark Gray
Posted Fri, 20 Dec 2024 14:30:39 GMT by Mark Gray
Hi - my mother-in-law opened a 1yr fixed rate bond in Nov 2023 that matured in Nov 2024. The bond paid roughly 5% that equates to just less than £5k in interest. Given the bond was taken out in 2023 and the Capital Gains thresholds changed part way through 2024, how can I check if capital gains tax is now due. Her other taxable incomes (state + spouse pensions) came to just over £32k/yr. Thanks
Mark Gray
Posted Wed, 08 Jan 2025 10:17:06 GMT by Mark Gray
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Clive Smaldon
Posted Wed, 08 Jan 2025 11:50:40 GMT by Clive Smaldon
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.

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