British Expats - interest on Austrlian deposits

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Enzo&Chloe

Sep 11th 2003 2:00 pm

interest on Austrlian deposits

is interest paid gross, and then you declare it on your tax form?

or are there standard deductions on it?:confused:

Kiwipaul

Sep 11th 2003 10:17 pm

Interest is paid gross on all bank deposits and you declare it on your tax return at end of year. Can leave you liable for big tax bill if you rent long term with cash in bank.

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