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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I had a target return plan from Barclays which guaranteed

Resolved Question:

I had a 'target return plan' from Barclays which guaranteed capital and offered a 22% return over 3.5 years if the FTSE finished above its starting point. Am I right in thinking that the 22% can be treated as capital gains?
Submitted: 3 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

All returns from target return plan are treated as capital gain rather than income.

I hope this is helpful and answers your question.
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Expert:  taxadvisor.uk replied 3 years ago.
I thank you for accepting my answer.

Best wishes