I live in Sweden, Swedish citizen and am contemplating an investment in UK
Let us assume that the investment will make 20.000 interest income and that I will fund the investment with a loan with an interest cost of 10.000
Is it the so that I will be taxed for the net interest income, in this case 10.000 ? (which is within the free allowance)
How is the reporting to the HMRC? Will they know that I have done business in UK and ask me for a SA ?
Thanks!
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