As I am quite new into this I have a question.
I wanted to create a pie with some stocks with a monthly deposit on it but the money will be added from 5 friends and will be about 250 per month. The deposit will be done through my card and bank account as it’s my account.
My question is:
Does anyone knows if this money that I will receive every month from them to my bank account, will be considered as “income” or any other suspicious transactions and I get in trouble? Also regarding taxes will be there any problem? This will be on investment account and not ISA as it doesn’t have some of the stocks we wanted to invest.
I hope I explained it well and I could appreciate your thoughts on this.