Sue
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UK double tax on foreign income
Hi, I'm a tax resident in the UK, have some savings in Thailand and don't intend to transfer any money from Thailand to the UK. I read the double tax treaty between these two countries, but couldn't understand it. Do I understand correctly that if Thailand has already deducted taxes on my interest income, then I don't have to report or pay taxes again in the UK? How about other forms of income generated in Thailand such as capital gains and salary? If I already pay taxes to the Thai government, do I have to pay taxes to the UK again? The tax rates are quite different. Thanks, Sue