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Anthony` Kalli

Anthony` Kalli

Joined: 1/26/2023

  • RE: Onshore Bond Chargeable Gains

    Sat, 28 Jan 2023 09:11:41 GMT – Onshore Bond Chargeable Gains
    Hi, thanks for reply. So, if the gain from onshore bond is less than £10,000 and again no tax liability arises because it still falls within the basic rate tax band including all other income, does this need reporting to HMRC? I cannot find any guidance regarding the £10,000 threshold for reporting chargeable gains anywhere? Thanks

  • Onshore Bond Chargeable Gains

    Thu, 26 Jan 2023 08:01:26 GMT – Onshore Bond Chargeable Gains
    Hi, Can I ask, if an onshore bond is encashed and this realises a chargeable gain of >£10,000, does this need reporting to HMRC by self assessment even though the gain + other income is within the persons basic rate tax band, and hence no tax liability arises? Thanks Anthony Kalli