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Ppi claim taxable??
amjustagirl
Posts: 291 Forumite
Hubby is due to get £1500 PPI money back but has had a letter from the bank to say it's taxable. Surely that can't be right so he will effectively pay tax twice don't see how that's fair?
Win's of 2014 so far-Maxfactor mascara, £50 Pizza Express Voucher, Dr Oetker Pizza, Nuby sippy cup :j:beer:
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Comments
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The interest element is taxable as interest is taxable in the UK. The capital refund is not taxable.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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That does'nt sound as bad then, thanks for thatWin's of 2014 so far-Maxfactor mascara, £50 Pizza Express Voucher, Dr Oetker Pizza, Nuby sippy cup :j:beer:0
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