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  • Tax return for student's tutoring and savings interest income

    Hi HMRC, For a student with tutoring income from both UK and overseas, and saving interest income, may I confirm the following understanding is correct? 1 Tutoring income less than GBP1000 No tax return reporting or declaration is required as it is within the casual income allowance limit. 2. Tutoring income more than GBP1000 but less than GBP2000 Report tax under self assessment. For UK tutoring income, put under self-employed For Overseas tutoring income, put under foreign income 3. Saving deposit No better what the amount is, report it in the self assessment form. Many thanks
  • CGT for share consolidation and bonus share

    Hi, I have 2 questions. 1. My shares were consolidated. For each 19 shares, it is now 15 shares, If the purchase price was GBP 1900 for the 19 shares, is it correct to adjust the purchase price to GBP 1900/15, i.e. 126.67 for the purpose of calculating capital gain tax? 2. I received 1 bonus share for each 10 shares owned. If the purchase price was GBP1000 for the 10 shares owned, is it correct to adjust the purchase price to GBP1000/11, i.e. 90.9 for the purchase of calculating capital gain tax. And for the 1 bonus share, it would be reported for tax purpose as dividend based on the share price of when the bonus share was announced? Many thanks