Cain Lau

A purchase of US Treasury Bill under par at 98.36 by paying USD9,836.00 on 30 April 2024 and USD10,000.00 will be credit into investment account on the maturity of 22 August 2024. Could you advise the profit of USD164.00 is subject to Interest Income Tax or Capital Gain Tax? For the purchase transaction, a brokerage charges of USD5.00 was paid to investment broker, may I claim this charges as cost of transaction? If the cost of transaction may be claimed, should the net profit (i.e USD164 - USD5) of USD159 to be submitted in the Self Assessment Tax Return? or else

Thanks for your prompt response. According to the sample above, the received premium £550 is below the AEA (currently £3000), should I subitted £550 in the Capital Gains Tax in self assessment tax return 23/24. Then, the tax will be charged because within AEA. Or, because the recieved premium is below AEA and nothing to be submiited.

I sold some share options (i.e. Short Put Option) on Stock Exchange and received premium totally £550 in the accessment year of 23/24. All of them, the price of underly shares were over execise price at the end of closing date. This meant, I could earn the whole premium of £550. May I know which catalogue of these earning should be? Interest Income Tax or Capital Gain Tax? Thank you.