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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 6095
Experience:  FCCA - over 40 years experience as a qualified accountant (UK based Practitioner)
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I have 590k going to various honds where the returns pay for

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I have 590k going to various honds where the returns pay for elderly care. Do i pay tax or do i get tax relief?
Assistant: Have you talked to a tax professional about this?
Customer: Not yet
Assistant: Anything else you want the Accountant to know before I connect you?
Customer: No

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Many thanks

Thank you for your question.

The returns would be subject to taxation unless investment is in stocks and shares ISAs where returns are tax free.

There is no tax relief available, I'm afraid.

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

Customer: replied 3 months ago.
gov uk, do the capital gains tax form, any other tax?

Thank you for your reply.

Capital gain would be subject to CGT only. No other tax to pay on that return.

I hope this is helpful and answers your question.

Hi there

Just checking to see if you need more clarification/information or have I answered your question.

Many thanks.

Customer: replied 3 months ago.
Thanks
Customer: replied 3 months ago.
Nope, thats it

Thank you for your reply.

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