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I read that the UK is a tax haven and it does not tax money that you make from overseas, I will be getting a dual citizenship soon and want to retire in the uk.

2007-08-21 06:06:29 · 1 answers · asked by shark e 1 in Business & Finance Taxes United Kingdom

1 answers

You will pay tax on the interest to the Australian government and then if you are resident in the UK, you will pay any extra amounts in taxes to make it up to the tax you would pay if the money was in the UK to the British goverment.
Where ever you read that the UK was a tax haven was wrong, it is one of the most highly taxed countries in the world.

2007-08-21 09:09:10 · answer #1 · answered by Philip W 7 · 0 0

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