Tax on UK Bank Interest
Apr 20th 2004, 2:10 am
#1
Forum Regular
Thread Starter
Joined: Apr 2003
Location: Perth bound July 04
Posts: 70
Tax on UK Bank Interest
Hi folks,
Does anyone know if UK bank interest is still taxed at source in the UK (after moving to Oz)? or can you apply to receive interest gross?
I guess worldwide income is taxed in Oz so it may make no diff. Perhaps the tax paid in the UK is netted against the Oz tax liability?
Would appreciate any help.
Many Thanks
Does anyone know if UK bank interest is still taxed at source in the UK (after moving to Oz)? or can you apply to receive interest gross?
I guess worldwide income is taxed in Oz so it may make no diff. Perhaps the tax paid in the UK is netted against the Oz tax liability?
Would appreciate any help.
Many Thanks
Apr 20th 2004, 3:26 am
#2
BE Forum Addict
Joined: Oct 2003
Location: Coogee, Sydney
Posts: 1,017
Re: Tax on UK Bank Interest
Originally posted by Gazza
Hi folks,
Does anyone know if UK bank interest is still taxed at source in the UK (after moving to Oz)? or can you apply to receive interest gross?
I guess worldwide income is taxed in Oz so it may make no diff. Perhaps the tax paid in the UK is netted against the Oz tax liability?
Would appreciate any help.
Many Thanks
Hi folks,
Does anyone know if UK bank interest is still taxed at source in the UK (after moving to Oz)? or can you apply to receive interest gross?
I guess worldwide income is taxed in Oz so it may make no diff. Perhaps the tax paid in the UK is netted against the Oz tax liability?
Would appreciate any help.
Many Thanks
