Simon

Hi agent, I made a convertible loan to a company (that I have no relationship to) as an investment. The loan has now been converted to equity by the company, including my principal and the accrued interest. Do i need to declare the interest in my self assessment for income tax purposes in this tax year? I do not yet have cash since the accrued interest is now in shares instead, can I wait until I sell the shares and then declare the interest income once I receive the cash ? Is there any guidance on how to treat such items in self assessment, I wasn't able to find any advice from internet searching Many thanks in advance.

Hi, Can you please confirm when the MTD impacts landlords? This article from Feb-2022 discussed a Apr-2024 go-live for landlords with income > £ 10,000: https://www.gov.uk/government/publications/extension-of-making-tax-digital-for-income-tax-self-assessment-to-businesses-and-landlords/extension-of-making-tax-digital-for-income-tax-self-assessment-to-businesses-and-landlords#further-advice This more recent article from Dec-2022 references 2026/2027 go-live and higher income thresholds for landlords (see "Making Tax Digital for Income Tax" section): https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital#get-support I would assume the more recent date would be the relevant one but am seeing news articles from the last couple of days referencing the Feb-2022 guidance. Please can you help confirm which guidance to follow? Many thanks.