Savings Loss of Interest Penalty

doggone1

I have closed a fixed rate account and lost 180 days gross interest can i claim this against tax thanks

jem16

doggone1 wrote: »

I have closed a fixed rate account and lost 180 days gross interest can i claim this against tax thanks

No but you can be happy that you will pay less tax as you didn't have that 180 days worth of interest.

00ec25

so you
- haven't earned any interest
- therefore haven't paid any tax on the interest you didn't earn
- yet you still think you are entitled to a rebate of the tax that you never paid

Dream on

closed

You can't claim the income tax back, hmrc class it as loss of capital