F6 taxation

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March 19, 2016 at 11:24 am #307052
jouma1986
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Dear Opentuition,

I you stated that Interest or bonuses on National Savings & Investment Certificates are exempt from tax.

I was just wondering if this include the interest on government Bonds?

Regards,
March 20, 2016 at 11:53 am #307131
Tax Tutor
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No. Interest on government stock is taxable and is received gross – see OT notes chapter 2 page 7 section 2.2
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