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Readers' forum : Silver fox

08 November 2016
Issue: 4575 / Categories: Forum & Feedback

Reporting on retirement income with new Making Tax Digital regime.

I am a retired taxpayer aged 70 and I no longer work. Since retiring I rely on various sources of income and other capital gains and submit my tax return on a yearly basis setting out the following.

  • Dividends from a small shareholding in my son’s haulage company. I sold this company to him many years ago and I play no active role.
  • Receipt of some foreign dividends.
  • Dividends from some shares on the stock market.
  • My retirement pension.
  • Bank and building society interest.
  • Investments in the stock market which is my passion. I do tend to do rather well and I make quite big capital gains well above the annual exemption each fiscal year.

I would welcome advice on my reporting requirements when the new...

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