Asa Law

Hi, For the redemption (at maturity) price you are talking, should that "include" the coupon (interest) of the T-bill or simply the face value of the T-bill? And, if this coupon (interest) should not be included in the redemption , then it should be declared as Interest earning only? Thanks a lot.

Mine is a general query only. I am just asking HMRC's principle how you treat these, not requesting a specific advice for my own tax calculation. The scenario I gave is simply a hypothetical example for your easy understand my question. By the way, my interest earning is just few hundred pounds, not worth seeking expensive professional advice from tax consultant. Genuinely disappointed.

Hi, just want to confirm: 1) if I bougt US T-Bill at US$98 and I wait until it matures and get back the face value US$100, this US$2 profit should be treated as "Income" (Deeply Discounted Security) instaed of Capital Gain when doing my UK Tax reporting? 2) if the US T-Bill carries an Interest (Coupon), this gain should be treated as "Interest" when doing my UK Tax reporting? Cheers,