Fixed Term Deposit - Which type of tax is applicable on the interest?

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Fixed Term Deposit - Which type of tax is applicable on the interest?

17-06-2008, 08:15 PM

DEDLYWEPN

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Fixed Term Deposit - Which type of tax is applicable on the interest?

Looking at the possibilty of investing some cash in a fixed term deposit. Just wondering what the situation is with tax on the interest earned?

My mate reckons Capital Gains would be applicable, but I thought it'd just be under your normal income tax.

Anyone know? And, how is it calculated etc.

Cheers
Josh

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