Accrued Income Scheme for SA106

Dear HMRC, I hold US Bonds and interest income are generated, so the Accrued Income Scheme is applied when I prepare the SA106, My Question are : Q1, Do I need to provide a investment details summary to HMRC to show the accrued income gains and accrued income loss on each transcation? Q2, If I buy the bonds on 1 Jan 2024 and next interest pay date is 1 May 2024, So, should the "accrued income loss" reflect in 2023/2024 taxable year and "accrued income gains" relect on 2024/2025 taxable year? Thanks Terry

Hi
You can include additional information, as an attachment to your tax return, to support the figures you have declared.  What the supporting evidence is and its format, is up to you.  Using the 'arising basis' of income tax, the interest paid on 1 May 24, would be in the 24/25 tax year.

Dear sir, As per HS343, the accrued income loss is subtracted by the interest received in column B of sa106. In case the accrued income loss is more than interest received, how should I do to report that? Best regards

Hi,
If you buy a security with accrued interest, the next interest payment that you receive will be taxable. But, because you have already paid an extra amount to buy the security, you can get tax relief under the Accrued Income Scheme.
The extra amount you have paid is an accrued income loss and you deduct this from the interest that you get.
Thank you.