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Posted Wed, 31 Jul 2024 14:21:11 GMT by john308
My self assessment online form only has space for bank and building society interest.Where do I enter details of UK Gilt interest and the accrued interest loss incurred on purchase of a Gilt?
Posted Mon, 05 Aug 2024 11:18:47 GMT by HMRC Admin 32 Response
Hi,
Please refer to:
HS343 Accrued Income Scheme (2024)
Thank you.
Posted Tue, 06 Aug 2024 08:21:40 GMT by john308
Thankyou for your reply.HS343 describes how to work out the losses,it doesn't explain which of the 4 boxes to enter the loss into the accrued income scheme page of the online self assessment form.It appears to refer to the paper form?Have you any examples or screen shots of how to fill in this page?It surely must be a common question from people who are trying to accurately report UK gilt interest?
Posted Mon, 12 Aug 2024 11:54:32 GMT by HMRC Admin 10 Response
Hi
The guidance on HS343 advises ""If the result is a loss, you should ‘subtract’ this amount from the total gross interest you enter in box 3 on page Ai 1 of SA101 (Additional information). (Round your loss ‘up’ to the nearest whole pound).  You should not change the figures for net interest and tax deducted that you enter in boxes 1 and 2 on page Ai 1 of the additional information pages"".  Box 3 cannot be lower than £0.00.  
When tailoring your online return.  On page 2 of 3, please tick 'yes' to the question ""Did you receive any other UK income, for example, employment lump sums, share schemes, life insurance gains?"".  In section 4 - fill in your return, click on ""Enter other UK income details"" and tick 'yes' to ""Interest from gilt edge and other UK securities, deeply discounted securities and accrued income profits"".

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