I wonder if anyone can help?
One of my clients invested £650,000 in a clerical medical offshore investment bond in the tax year 10/11 via a financial advisor. Unfortunately his financial advisor forgot to actually place the funds. The advisor has worked out the interest he would have made if he had invested the funds and has given this to my client as a goodwill gesture. Could anyone help me out with how to account for this cash on his tax return, I am stumped!
Thanks so much!