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Posted 14 days ago by emlan
I am confused as to how to declare the tax on Fixed Rate Bonds where the interest is re-invested each year and only paid out (in full) at maturity. Should the annual tax return declare that year's interest re-invested in the bond or should it all be declared in 1 lump at the end of the term with zero declared in the initial year(s)
Posted 7 days ago by HMRC Admin 21 Response
Hi,
The full amount of interest should be declared in the year of maturity as you cannot access it prior to this.
Thank you.

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