Do Investment companies who run ISA's (share not cash) and or Friendly Societys notify the Inland Revenue of the names of investors? If so why - as they are not taxable.
- posted
20 years ago
Do Investment companies who run ISA's (share not cash) and or Friendly Societys notify the Inland Revenue of the names of investors? If so why - as they are not taxable.
"TrEaSuRe" Societys notify the Inland Revenue of the names of investors? If so why - as
To consider whether the source of the monies has come from undeclared income or gains?
Without a hint of irony, "TrEaSuRe" Societys notify the Inland Revenue of the names of investors? If so why
Presumably to ensure you only have one running at a time?
In message , Doug Ramage writes
I think its to ensure that you dont contravene the contribution rules and limits. AFAIAA, the amounts invested arent recorded just the type and the fact that you have contributed. I cant see the IR being really worried about the source of no more than £7k p.a.
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