Maybe this is legal rather than money matters!!! Maybe someone can help!!
Jo is an Irish student with a few bank accounts. She goes to England on a Graduate program and is 18 months there now. The program ends in 6 months. She will likely to stay in England but may return to Ireland in a few years.
Can she continue to hold Irish Bank accounts and more important can she invest in some Irish investment scheme? If dirt is deducted by bank (in Ireland) will this satisfy her English tax requirement to pay tax on income from investments? Is it lawful just to keep addresses in both places and just pay each country its tax on the income arising in that country - that is pay the dirt in Ireland on the interest and don't declare it in England?
Anyone had this experience and able to give any advice?
Jo is an Irish student with a few bank accounts. She goes to England on a Graduate program and is 18 months there now. The program ends in 6 months. She will likely to stay in England but may return to Ireland in a few years.
Can she continue to hold Irish Bank accounts and more important can she invest in some Irish investment scheme? If dirt is deducted by bank (in Ireland) will this satisfy her English tax requirement to pay tax on income from investments? Is it lawful just to keep addresses in both places and just pay each country its tax on the income arising in that country - that is pay the dirt in Ireland on the interest and don't declare it in England?
Anyone had this experience and able to give any advice?