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Posted Fri, 26 Apr 2024 15:57:00 GMT by David Floyd
I have a stocks and shares account that is neither an ISA or SIPP and therefore subject to capital gains on profit over the £3,000 allowance for the 2024/25 tax year. Within the account I also get interest on any residual cash that has not been invested on a daily basis. I fill out a self assessment form and my question is does the interest also count as capital gains or as bank account interest as the trading app I used is affiliated with JP Morgan?
Posted Wed, 01 May 2024 14:07:30 GMT by HMRC Admin 19 Response
Hi,

It will just be the interest.

Thank you.

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