Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: tonysue on May 29, 2014, 15:07:52 PM
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has anybody transferred money from turkish bank to uk via internet banking? i seem to remember a post advising using an exchange service, any advice would be welcome. ta
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We sent money a few months ago Sue via Garanti, I can't remember the step by step but after popping into the branch for a bit of advice it was nimps.
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thanks george but I really need advice re internet banking and transfers online.
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Sorry if I didn't make myself clear Sue. I transferred money using my internet banking facility with Garanti to my Nationwide bank account in the UK.
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oh ok thanks george : :)
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I used Garanti, NB there is a daily limit 30000 try and a fee of 40 try for each transaction. The receiving bank was Halifax. You need to be careful with the codes for the receiving bank especially if they trade with one name, Halifax, but are owned by another RBS. All got to my UK account safely.
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I have done it with Garanti and HSBC, no problems at all
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Does anyone know what happens when the cash hits the UK ?
Say you bought a property on an English mortgage paid for with cash from UK earnings,then sell it with no profit made and want transfer the money back in one go,does the tax man pounce?
My argument would be that tax has already been paid on the cash at source is PAYE and there has been no capital gain but that appears to be a bit simplistic to me.
Anyone got any experience of this ?
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You are correct. The taxman can be shown the money leaving the UK and now returning. Same money, tax paid. You can't get taxed on money each time it moves. Capital gains will be of interest but I know a lot of people who brought money home without issue.
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If you have any further problems PM me your bank details, password, PIN, your date of birth, mother's maiden name, name of your first pet, and any other relevant information and I can make sure that the transfer of the money is of no further worry to you.
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Thanks Scunner and KKBOB thanks for the offer but I have just had a better offer from the daughter of a deposed African president who needed the details to put a million pounds into my account as they can't get a bank account,so everything should be fine,
Oh and I've got the Ferrari on order
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TEB charge 30 lira to do an online transfer to my UK bank :-)