Tia Maria
10th September 2007, 12:59 PM
Just to warn you if your children have savings accounts in the UK they won't pay tax. :) However, we have been asked to fill out a tax form for them here so that they can pay tax on their UK interest. :(
I wish we had just closed their accounts in the UK and opened ones here as they would get a better interest rate and would be taxed at source.
We arrived Jan 2006 so missed out on the new 4 year rule for overseas income, not sure if that will make a difference for other people.
Cheers
Tia
I wish we had just closed their accounts in the UK and opened ones here as they would get a better interest rate and would be taxed at source.
We arrived Jan 2006 so missed out on the new 4 year rule for overseas income, not sure if that will make a difference for other people.
Cheers
Tia