Mathematics · Financial Mathematics
Prince purchased £200,000 (nominal value) gilts, paying interest at 1%, for £211,000 on 1 September 2023. Interest is payable half yearly on 30 June and 31 December. He sold the gilts on 1 December 2024 for £213,000 (including accrued interest). How much will Prince include in savings income in respect of the gilts in the tax year 2024/25?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1£1,833✓
- 2£1,000
- 3£2,000
- 4£833
Correct answer
£1,833
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