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Saving interest income on gilts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Saving interest income on gilts

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • February 3, 2020 at 1:56 pm #560512
    anubhutityagi
    Member
    • Topics: 5
    • Replies: 9
    • ☆

    Ahmed buy £10k gilts, paying interest at 2%, for £11k on 1 jun 2018. Interest is payable half yearly on 31 mar and 30 sep.
    He sold gilts on 28 feb 2019 for £11400 ( inclusive accrued interest).

    How much interest will be included in savings income in respect of gilts for 2018/19?

    February 5, 2020 at 7:49 am #560735
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Show me what part of the answer you do not understand

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