Calis Beach and Fethiye Turkey Discussion Forum

Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: cazaustralia on August 16, 2009, 11:35:47 AM

Title: Warning to Bank Account Holders
Post by: cazaustralia on August 16, 2009, 11:35:47 AM: Headline in the Scottish Sunday Mail 16/08/09 page 46

CRACKDOWN BEGINS ON FOREIGN BANK ACCOUNTS

I would be grateful if someone might be able to scan and show the above article for forum members. It may be of extreme interest (in more ways than one)

Thank you
Caz
Title: Warning to Bank Account Holders
Post by: stoop on August 16, 2009, 11:39:57 AM: http://www.dailymail.co.uk/money/article-1206767/Holiday-home-owners-face-tax-penalties-foreign-bank-accounts.html
Title: Warning to Bank Account Holders
Post by: tribalelder on August 16, 2009, 15:54:41 PM: What rubbish....if you have an interest bearing account here you will have paid the tax on that interest at source
Title: Warning to Bank Account Holders
Post by: calvin 1949 on August 16, 2009, 17:02:40 PM: Also i am sure that i have seen somewhere Turkish government will not divulge assets held in turkey
Title: Warning to Bank Account Holders
Post by: kevin3 on August 16, 2009, 20:50:09 PM: Gordens getting desperate for some more pennies.He's lost all the others he squeezed out of us.!!
Title: Warning to Bank Account Holders
Post by: Scunner on August 16, 2009, 21:19:24 PM: Interesting to read that previous undivulgable information on Britons holding accounts abroad was very much divulged with tax free payments to employees from our Government to whistle blow. Certainly feasible in Turkey...
Title: Warning to Bank Account Holders
Post by: stoop on August 16, 2009, 23:05:24 PM: quote:
Originally posted by tribalelder

What rubbish....if you have an interest bearing account here you will have paid the tax on that interest at source

Not so. The tax man in the UK will also want to know what interest you have earned - add it to your UK income and tax you at base rate or high rate. They will however take into account any tax you have paid in Turkey. This applies to income from renting also.
Title: Warning to Bank Account Holders
Post by: honeycombe on August 17, 2009, 10:40:50 AM: Can Alper advise us if Turkish accounts are likely to be targeted
Title: Warning to Bank Account Holders
Post by: Scunner on August 17, 2009, 10:49:32 AM: Probably not
Title: Warning to Bank Account Holders
Post by: Crabbit on August 17, 2009, 18:17:20 PM: Does that mean all my offshore accounts will come under scrutiny !!!!
I think not. 8)

(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)