klyveld

Dear Sir/Madam, This is first year using ISA accounts. I subscribed my full allowance to a fixed rate ISA but withdrew everything 1.5 months later as I realised this was not what I wanted. Am I allowed to cancel this cash ISA and agree to pay tax on the small interest accrued and use my allowance for a S&S ISA or is my allowance used for the year and I have to wait for the next year? Thanks in advance for your feedback

Dear Sir/Madam, I am a dual citizen (originally Australian, now also British after working here), currently a UK resident for tax purposes. I am a beneficiary of Discretionary Trust established in Australia (this is before moving to the UK). I have two questions: 1) If the Trust gifts me money (approx £80,000)- will there be tax implications for this? 2) If the trust were to instead loan me the same amount (not interest free), will this have tax implications and need to be declared to HRMC? All amounts discussed have already been subject to Australian Tax Thanks in advance for your response