i know this has been covered before, but how much tax do you have to pay on interest gained from your capital invested
eg £100,000.00 invested for a year will give approx £18.000 interest, but how much tax is payable and is it taken at source?
(i have used pounds and round numbers for easy calculation, it would obviously be invested in turkish lire)
we hope to move out later this year and forgot to allow any tax payable in our calculations.!!!!!