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When to pay DIRT on Raisin account

Pat734 · 2024-11-29 23:31:49

I am a PAYE tax payer. I have a Raisin 3 year Fixed Term Deposit Account in an EU country, which does not deduct any witholding tax . I cannot access the money or the interest until the 3 years are up. However I got a letter showing interest was credited to my account on the first anniversary date. As I have not received…

29-11-2024 11:31pm

#1

Pat734

Registered Users, Registered Users 2 Posts: 16 ✭

Join Date: September 2018

Posts: 7

I am a PAYE tax payer. I have a Raisin 3 year Fixed Term Deposit Account in an EU country, which does not deduct any witholding tax . I cannot access the money or the interest until the 3 years are up. However I got a letter showing interest was credited to my account on the first anniversary date. As I have not received the money and cannot access it until the 3 years are up, do I have to pay DIRT on that interest as it is credited to the account each year or can I wait until year 3 when I actually receive the interest?

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