Tier 1 (G) earnings

[lewis79]

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

[ram80]

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.

[lewis79]

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

[ram80]

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