Mark Gray

hi - is it possible to get a response please, as I don't know if we need to notify HMRC re. the interest received.

Hi - my mother-in-law opened a 1yr fixed rate bond in Nov 2023 that matured in Nov 2024. The bond paid roughly 5% that equates to just less than £5k in interest. Given the bond was taken out in 2023 and the Capital Gains thresholds changed part way through 2024, how can I check if capital gains tax is now due. Her other taxable incomes (state + spouse pensions) came to just over £32k/yr. Thanks