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You will be liable for Income Tax (IT) on the interest received, but remember that the first 1K of interest received is tax free.
Not if the transaction is in the tax year of separation.
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What was the value when you vacated 3 years ago?
That gives a value of say 571K and a notional gain of 24K. Now deduct the Annual Exempt Amount (AEA) of 12K leaves 12K exposed to the tax at 28% so your tax bill would be a tad under 3.5K.
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