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Foreign investment account

Posted 10 June 2016

Forex says:
8 June 2016 at 18:16

What are my tax liabilities if I open a bank account (from SA) in the UK, transfer funds into that account and then bring those funds back into SA after a period of time?

TaxTim TaxTim says:
10 June 2016 at 17:23

Has the tax been paid on the money you are initially transferring? If so then there are none other than tax on any interest or capital gains earned on the invested money.

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