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Tax liability for interest on a shared account.
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Parkhall
Posts: 84 Forumite


in Cutting tax
I have a shared savings account with my spouse. Do I only need to declare exactly half the annual interest for HMRC self assessment ?
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yes that is what you do - probably works fine on a self assessment form - at least always has for me.
last year however DH wrote to them with figures for "his half" and they managed to halve it again!1
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