jasonchtse Tse

Hi, Thank you very much for your reply. I am writing further to inquire if a person had negative interest, about should he/she report it on his/her tax return. For instance, the negative interest may due to a person paid "purchase accrued interest" in current tax year but only receive the actual interest payment in the next tax year. Thank you for your time and assistance.

Dear HMRC, Please can you advise how to report the "purchase accrued interest" of the corporate bond in the tax return. For example, if a bond pays interest twice a year, and a person purchased the bond in between interest payment dates, the buyer of the bond would typically pay the interest that has accumulated up to the date of the sale to the seller (i.e. "purchase accrued interest"). If a person pay the "purchase accrued interest" in the current tax year and only receive the interest payment (which will include the "purchase accrued interest" and the accrued interest that has accumulated since the purchase) in the next tax year. Thank you for your assistance in this matter. Kind regards, 

As far as I understand, the interest generated from US Treasury Bonds is subject to income tax. Would like to know: a) if I sold the US Treasury Bonds before its maturity date, will the gain subject to CGT (but not income tax)? b) if I bought the US Treasury Bonds at a price below par and held it until a maturity date, will the gain (i.e. face value minus cost price) subject to CGT (but not income tax)? c) is gain from GB Gilts (including hold to maturity and sold before maturity with gain) free from CGT? Thank you.