langmad

Member
Turkish savings account
Hi Guys,
I have a small amount saved in a timed account in HSBC bank Turkey. Do I have to inform the UK tax office of my savings even though I pay Turkish tax at source?
 

biggles

biggles
Turkish savings account
i read somewhere that turkey and the uk have a reciprocal tax agreement so because you pay tax in turkey then its ok . someone may confirm .
 

immac

Senior Member Has-Been
Turkish savings account
But you still have to declare it and show that tax has been paid.
Non-disclosure of foreign assets is an offence, and as they will already know about it because of shared info, you should declare it.

Ian
 

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