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Posted Wed, 16 Oct 2024 01:09:41 GMT by BHL
I incurred commission and brokerage expenses every time upon a purchase of government gilts in the open market. Can I deduct such expenses from my coupon interest income for tax reporting purpose?
Posted Thu, 24 Oct 2024 14:13:42 GMT by HMRC Admin 20 Response
Hi,
Not aganst the actual interest.
Thank you.
Posted Thu, 24 Oct 2024 17:11:25 GMT by BHL
Thank you for the reply. If not against the actual interest: - Can these expenses be against deeply discounted gilts? - Or can these expenses be against the capital gain on disposal of ordinary government gilts? Thanks.
Posted Thu, 31 Oct 2024 10:50:53 GMT by HMRC Admin 19 Response
Hi,
Yes, you can claim when you report any gain or loss.
Thank you.

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