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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: QwikSand who wrote (37145)	10/29/2000 4:46:28 PM
From: Steve Lee	Read Replies (1) \| Respond to 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.