The interest you receive is
income, and income tax is payable on that interest unless your bonds are held
in an Innovative Finance ISA. Please note that tax is generally not deducted
from the income generated by your bonds and so you must declare all income
received to HMRC annually. You will be
able to see the amount of interest that your various bond investments have
generated during each tax year on the website.
The capital you advance will simply be returned to you at the end of the
bond. This will not be a capital gain, and will not be subject to Capital Gains
Any shares you buy through the
platform may well be qualifying investments for SEIS or EIS. Please see the
FAQ’s in regard to these types of investment.
Shares purchased outside of a
specific tax scheme, when sold, normally attract Capital Gains Tax, however
this is very specific to your personal circumstances.
In both cases if you have
further questions regarding the tax implications of investing we recommend you
seek specialist tax advice from a suitably qualified person.
We're here to help. Get in touch and we’ll get back to you as soon as we can.
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