Source closing for UK non-domicile


Bob Brown

I am resident in the UK but domiciled in Australia.
As such, any interest I earn from a bank account
outside the UK is not taxable unless I remit it
to the UK.

I read somewhere about "source-closing rules" for
non-UK-domiciliaries, where even if interest is remitted
to the UK, it is not taxable if the source (i.e. the
bank account that paid the interest) was closed in an
earlier tax year.

For this purpose, would a source be considered closed if
other accounts were still held with the same bank?


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