What are the UK and/or Hong Kong tax implications for a UK resident and additional rate tax payer opening a personal bank account in Hong Kong?

DPMoney
by DPMoney 30 November 2012  |  Comments 1 comment  |  Love Love  0 loves

Report

Enjoyed this? Show it some love

Twitter
General

Comments (1)

  • MikeGG1
    Love rating 909
    MikeGG1 posted

    So far as UK tax is concerned, opening the account is no problem.

    You would have to pay UK tax on any interest earned, less any tax deducted by Hong Kong.

    Mike

    Posted on 05 December 2012 | Love Love  0 loves Report

Post an answer

Sign in or register to post an answer.

Something you're dying to ask... or answer?

Register with lovemoney.com to start asking and answering questions on Q&A.

Get started now

Sign in for a better Q&A

Registered already? Great! You can just sign in to ask and answer questions.

Sign in
W3C  Thank you for using One Flew Over the Cuckoo's Nest