9.12 - 9.14 Fixed Interest

Enter details of sources that pay a fixed rate of interest. For example, Government securities or fixed interest bonds from UK companies.

Security

Enter a description of the source of income.

Dates

 

Not compulsory.  If entered, the date of acquisition must be before the end of the tax year and the date of sale must be after the start of the tax year and after the date of acquisition.

Paid Gross

 

Tick the box if registered to receive interest gross (without deduction of tax).

 

 

Fixed Interest Receipt

 

Details of each receipt may be entered separately or as a single total for the year.

Gross Interest

Enter the gross interest received (before deduction of tax).

Tax Deducted

Automatically calculated by IRIS. If interest is paid gross, the amount will be zero, otherwise it will be calculated at 20% of the gross interest.

Date Received

May be left blank.  If entered, the date must fall within the tax year.

Holding

This is an optional field.  Enter the holding at the time of the receipt.  If a single amount is entered for the whole tax year, the holding at the end of the tax year should be entered.

 

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