Whilst we have to pay to make up the difference of the extra 5% from our Turkish interest,
what is /was the situation when last year Turkey cut the interest rate 15% down to 5% & even 3%, do we then have to pay the UK treasury the difference of 15% or 17%.
JUST READ IN A TURKISH NEWSPAPER THAT THE TURKISH GOVERNMENT ARE CONSIDERING TAXING SAVERS WITH MORE THAN £150K IN SAVINGS 25% INSTEAD OF THE PRESENT 15%.
Another nail in the coffin for expats living on their bank savings.
Can anyone recommend an accountant who will do a reasonably priced job on a tax return for our small rental income in Turkey? Ideally we are looking for one based in Altinkum
The Turkish Revenue have published an updated ( Feb 2010) version of their booklet. Its so new that the pictures are unstable and I cannot print but the words and format are OK so it is legible. First glance suggests nothing much has changed but as we know particularly with taxmen the devil is...
All landlords here are liable for tax on rental income from their property in Turkey. There is a good article in this week's Voices giving examples (although not a scale) of how much and under what circumstances: http://www.voicesnewspaper.com/modules.php?name=News&file=article&sid=972
But...