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Where Taxpayers and Advisers Meet

investment income

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dawnhooper
Posts:1
Joined:Tue Jun 30, 2015 8:05 pm
investment income

Postby dawnhooper » Tue Jun 30, 2015 8:33 pm

:roll: Hi. I don't work but do receive rental income from rooms i rent in my house. I am calculating how much tax I might owe. Do I add my investment income to my rental income and then deduct expenses or has my investment income (8000 from a Prudential bond) already been taxed so therefore is not part of the calculation
Thank you
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King_Maker
Posts:6538
Joined:Wed Aug 06, 2008 3:22 pm

Re: investment income

Postby King_Maker » Wed Jul 01, 2015 5:22 pm

It could depend on what type of Bond, and whether you are claiming Rent A Room relief.
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