Income generated from giftMy wife and I are both UK tax residents. Last year I transferred a lump sum via bank transfer to my wife and with this gift amount she has generated some bank interest income. Should this generated income reported in her tax return, or instead, reported in mine? Thank you.
Capital gain tax on GiltsGood evening, I have bought some UK Gov't Gilts in the London Stock Exchange (LSE) recently : 1. If I continue holding them till redemption upon their maturity date, would I be liable to CGT on any arising capital gain? 2. Likewise, if I sold them in the LSE before their maturity date, would I be liable to CGT on any arising capital gain? Thank you.