David Floyd
Joined: 4/26/2024
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Shares Account Interest on Residual Cash
I have a stocks and shares account that is neither an ISA or SIPP and therefore subject to capital gains on profit over the £3,000 allowance for the 2024/25 tax year. Within the account I also get interest on any residual cash that has not been invested on a daily basis. I fill out a self assessment form and my question is does the interest also count as capital gains or as bank account interest as the trading app I used is affiliated with JP Morgan?