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Are Santander Dormant Accounts Subject to Taxes?

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Santander dormant accounts may still be subject to taxes depending on the interest earned and the account holder’s tax status. A dormant account is one that has seen no transactions for a prolonged period, but if it continues to accrue interest, that interest may be taxable. In the UK, earned interest on savings accounts, including dormant ones, falls under the Personal Savings Allowa... https://xactaccountants.co.uk/dormant-accounts/

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