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  • RE: buying and selling Gilt in secondary market

    The latest response from Admin 32 is misleading IMO. Edmund asks about gilts and not gilt STRIPS (which I believe have different tax treatment). Please can you confirm/deny: 1) gilts are not DDS 2) individuals do not pay capital gains on gilt pull-to-par (diff between price paid at buying and redemption value) 3) individuals treat gilt coupons as savings interest
  • RE: Government Bond Interest

    The advice on 'gilt strips' 6 months ago seems quite misleading, since Edmund asked about GILTS, not GILT STRIPS. From what I can tell, they have different tax treatment. My understanding is that for individuals, GILT coupons are taxed as income, but the uplift from purchase price to redemption is capital-gains free. Please can you confirm or provide an alternative explanation.
  • RE: How to tax on my interest, 40% or 20%

    I think this is still incorrect. Should you not apply the starting rate for savings also? Since their non-savings income is 0, I would expect them to still have a £5,000 starting rate allowance. If this is the case, would the first £18,570 (12,570 + 1000 + 5000) be tax-free?