Recently trading 212 started paying high interest on money held with them. They claim that they are paying this by holding our money in a qualifying money market fund. I was wondering how that interest is taxed (DIRT, 41% or CGT) and if remittance basis of assessment is applicable on that?
Also, it would be nice if someone could throw some light on what exactly qualifies for remittance basis of assessment and what doesn't in terms of foreign investments? example - deposit interest in wise, trading 212, capital gains on etfs, shares etc.
Specifically for individual foreign shares like US stocks or UK or Chinese stocks, do the capital gains and dividends both qualify for the remittance basis of assessment?
Thanks in advance
Also, it would be nice if someone could throw some light on what exactly qualifies for remittance basis of assessment and what doesn't in terms of foreign investments? example - deposit interest in wise, trading 212, capital gains on etfs, shares etc.
Specifically for individual foreign shares like US stocks or UK or Chinese stocks, do the capital gains and dividends both qualify for the remittance basis of assessment?
Thanks in advance
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