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Question?
sabelu
Posts: 1,180 Forumite
in Cutting tax
My mum, a pensioner, has just received her tax allowance/code for 08/09 she will not be using around £1300 of her allowance, she has shares, bonds etc. hat can she do to use the rest of her allowance short of getting a job?
It pays to challenge
0
Comments
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Hi. If she has shares and Bonds, does she also have any Bank or Building Society savings accounts that she pays tax on, if so she can claim that tax back.
Regards Mick0 -
Yes she does can she claim share div tax back?It pays to challenge0
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No. It's a 'nominal' tax deduction on dividends ..... you can't claim it back.
Nothing she can do with her surplus allowance - other than convert some of her 'CGT potential gains' (such as shares) into Income Tax related income such as standard savings accounts. But little point doing that if she's happy that the shares are producing an income (dividends) and maintaining (+ inflation) the capital she's invested in them?If you want to test the depth of the water .........don't use both feet !0
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