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Technology Stocks : All About Sun Microsystems
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To: QwikSand who wrote (37145)10/29/2000 4:46:28 PM
From: Steve Lee  Read Replies (1) of 64865
 
In the UK, highest bracket income tax (when earnings are above about £40k (=$60k) is 40%. Capital gains are taxed at whatever your income tax bracket is after a cap gains allowance of something like £7000.

I don't pay tax on my US investments cos they are held in a US acct and I don't live in the US. I would have to pay tax on any gains in UK investments or any realised property gains (apart from a profit made on my main residence). I would also have to pay tax to the UK govt on any repatriated money from the US investments, after being allowed to first repatriate the amount of money I have sent overseas.

However, when I want to bring a large chunk of foreign investment money home, I can leave the country for a while (I think it is 6 months to achieve ex-pat status) and bring it all back tax free when I return.
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