Tier 1 (G) earnings

Hi,

Has anyone used income from sale of shares/securities during the qualifying period as part of the earnings needed to apply for Tier 1 (G).

HMRC lists this as income from capital gains which is taxable.

The Tier 1 guidance only states that: "interest on savings and investments
as unearned sources of income that they will not consider as previous earnings" but do not mention income from securities/shares.

Thanks
Lewis

If my understanding is right, shares and other securities are "investments".

In other words, these are passive sources of income which is apparently what is not recognized for visa earnings proof.

Hi,

Shares/securities can be considered as investments but they ordinarily do not earn interest like bonds/deposits (this type of savings/investment interest UKBA does not consider as earned income)

What I am referring to is the sale of previous held (non interest bearing) securities/shares of publicly listed companies at a profit during the qualifying period. This is considered as taxable income by HMRC after allowances are deducted.

Thanks
Lewis

If you are trading shares as a business activity, then it might qualify as business income.

If you sold shares as a one-off activity (not as a part of established business of share trading), then that's investment income/gains.

See a similar issue discussed earlier - http://www.immigrationboards.com/viewtopic.php?t=67952