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Married persons holding Joint Investment/banking accounts. Is it split 50% / 50% for all investment/interest incomes?
For married couples, is it possible to do the Joint Assessment?
It definitely can be advantageous for a married couple if the assessable income of one spouse is less than his or her tax allowance.
(It is a self-assessment common practice in Hong Kong)
- The incomes of the couples will be aggregated and the married person’s allowance (Single person allowance x 2) or other allowances that the couple is eligible for will be deducted from the couple’s joint total income.
Undertakings for the Collective Investment in Transferable Securities (UCITS) funds
The ETF fund with (UCITS), is it Tax exempted in the UK?
No need to pay dividend tax and capital gain tax?