Author Topic: How much..  (Read 2280 times)

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Offline june

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« on: July 04, 2011, 16:25:10 PM »
Cash can you take out of Turkey at any one time?



Offline John H

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« Reply #1 on: July 04, 2011, 16:56:59 PM »
Interesting question.
I leave most of mine in Turkey.

Offline Scunner

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« Reply #2 on: July 04, 2011, 17:12:26 PM »
I assume you mean physically take with you on the plane rather than take out by bank transfer for example (for which there is no limit). The concern when taking money with you isn't so much how much you can take out of Turkey, it's the other end - how much you can bring into the UK. I believe from outside the EU the limit is £5,000 - above this it can be considered potential laundered money and can be seized. You can go to court and prove it isn't - but this is very much a "guilty until proven innocent" legal situation. You can also be challenged at your departure airport in Turkey, if they think the money may have been obtained via illegal activity - although this is unlikely (certainly more unlikely than it happening in the UK).

Also bear in mind the security risk of walking around with tens of thousands of pounds in your handbag. The reason people often want to do this is to hide it from the tax man, but bear in mind that if there is a record of the money leaving the UK previously, you should be able to argue that the money is the same as that but returning - and in that case it left the UK "tax paid" and should not be taxable a second time. You must however declare any capital gain (profit) made through the sale and any interest made on the money from the day of it's return for tax purposes.

Offline june

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« Reply #3 on: July 04, 2011, 19:28:22 PM »
You sound like my IFA Keith!, better than him tho..lol...thanks for the very comprehensive reply....yes I did mean physically....and I have to confess that Stu and I have actually taken  more than £5k previously...but I certainly take on board your comments......

Offline gford

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« Reply #4 on: July 04, 2011, 19:30:44 PM »
This thread reminds me of a story my friend told me -  While he was holidaying in Calis h..is wife and kids had gone on a trip one day and he stayed behind sitting around the pool. The complex owner persuaded him to go and look at some of his new build properties instead of lazing around the pool, and when his wife and kids had returned from the day trip he had put down £2000 on a new build property ! When he returned to work and told us this we asked him all the usual questions but when asked about his solicitor he said ' no solicitor required - when the place is finished I have to take over £65000 in cash to pay for it '. We were convinced that when he arrived at the airport someone would be waiting at the airport to relieve him of his money, but amazingly everything went perfectly and he and his wife are enjoying there 6th year in Calis.

We  also bought our place 2 years later from the same guy and although we never payed in cash our purchase was much the same.

Offline Scunner

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« Reply #5 on: July 04, 2011, 19:34:30 PM »
quote:
Originally posted by june

Stu and I have actually taken  more than £5k previously...


That's ok, you and Stu = £10,000  :)

Offline kizkucuk

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« Reply #6 on: July 04, 2011, 21:18:37 PM »
A friend of mine came through with a couple of £1000 from the UK as she has to sort residence and rent deposit and didn't have a bank account here at the time - she was stopped at the airport and they wanted to call the Police.  They kept her waiting for ages - police didn;t arrive - and only when she got really worried that she might miss her flight did the customs bloke agree to let her through.  They are supposed to report anyone carrying large quantities of cash.

Offline Supacabby

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« Reply #7 on: July 04, 2011, 22:23:10 PM »
They now have sniffer dogs especially trained to scent money as opposed to drugs, not as easy to take out/bring in large sums of cash as it used to be!

Offline scorcher

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« Reply #8 on: July 04, 2011, 23:02:34 PM »
It's the cocaine residue on the notes that the dogs are interested in !

Offline simpsons

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« Reply #9 on: July 05, 2011, 08:04:44 AM »
quote:
Originally posted by Supacabby

They now have sniffer dogs especially trained to scent money as opposed to drugs,


Thats a good job for the wife. She can sniff money out anywhere.:D




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