Interest on Money
Posted: 01 May 2009 06:33
Hi
Nigel, I used to understand this and now have become confused after chatting to too many people! If money I have invested in UK Bldg Soc will produce, say for example GB£1,000 interest, do I have to pay GB£100 to CY Gov for defence if I am registered for tax in CY? I cannot include it in my normal tax rate of 5 percent?
Thanks for your patience
Nigel, I used to understand this and now have become confused after chatting to too many people! If money I have invested in UK Bldg Soc will produce, say for example GB£1,000 interest, do I have to pay GB£100 to CY Gov for defence if I am registered for tax in CY? I cannot include it in my normal tax rate of 5 percent?
Thanks for your patience