jefflwk
Joined: 3/15/2024
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Is savings interest from a Cash ISA of a child aged 17 (money gifted from parent) taxable?
I gifted money to my daughter aged 17 to open a fixed rate Cash ISA in September 2023. The Cash ISA will be mature in September 2024 and the savings interest will be more than £100. Do I need to report this savings interest in my Self-Assessment return for tax year 2024/25?