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Ask the Tutor ACCA TX-UK

gilts

AAndy6y ago
sir here in the USA, municipal bonds are tax free. I understand that in UK interest on govt bonds are taxable, but what about municipal bonds in UK? interests generated from municipal bonds taxable or allowed to have tax-free?
TTTax Tutor6y ago#1
You need to know what is in the notes and relevant in the UK. USA terminology is irrelevant
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