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Switching bank incentives - do I need to declare it as income?
dllive
Posts: 1,389 Forumite
in Cutting tax
Hi,
Ive taken advantage of a couple of bank switch incentives this year. Do I need to declare it as income on my SA? (much like I do on the interest my accounts earn?) . I dont think I do because these are 'incentives' rather than 'income'. I may be wrong though.
Thanks
Ive taken advantage of a couple of bank switch incentives this year. Do I need to declare it as income on my SA? (much like I do on the interest my accounts earn?) . I dont think I do because these are 'incentives' rather than 'income'. I may be wrong though.
Thanks
0
Comments
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Not treated as taxable income. I'm pretty sure somebody raised the question on here a couple of months ago which got a more detailed answer.
What complicates the issue is the Halifax, and other banks, monthly award schemes where they are taxed at source.0
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