Tax payable on a Capital Investment Bond.

In 94 i invested some cash in a Capital Investment Bond . The Bond is invested in 3 UK Equity Life funds and now is showing a healthy balance. If i withdraw some or all of the capital would i have to declare all of the profit in my next Tax return or does HMRC take into account how long the bond has been open Ie 30 years? Very confusing but im sure someone has been in a similar situation and will be able to answer this question although i cant believe i would be liable to tax on the total profit. I am a pensioner and pay tax at the standard rate.

Hi
You would declare the 'gain' received. The company will issue you with a chargeable event certificate that will show the amount of gain and number of years. Use this information to put on the return and the gain is then worked out on the number of years held .