Form 11 EU Government and Corporate Bonds through Trade Republic - Help needed please

When I bought the Irish Govt bonds, just like you, I initially received negative coupon.

I can't understand that aspect of the bond.

It must be something to do with the timing of the purchases compared to the timing of the coupon payment.

I presume that I will do what you did, and simply deduct this negative income from the positive coupon when submitting my Form 12.
 
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When you purchase a bond, it will have accrued interest for the period from the last coupon date to the purchase date.

This accrued interest is paid by the purchaser to the seller in addition to the price of the bond so that the seller receives his share of the interest for the period for which he owned the bond.
 
jpd said:
When you purchase a bond, it will have accrued interest for the period from the last coupon date to the purchase date.

This accrued interest is paid by the purchaser to the seller in addition to the price of the bond so that the seller receives his share of the interest for the period for which he owned the bond.
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Cool, that makes sense. In this instance then both parties would tax interest as income so seems fair to deduct accrued interest
 
By the way, there are several Irish Govt bonds trading below par.

The capital gain if held to maturity is free of CGT.




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