Saul
Joined: 3/19/2024
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RE: sold a foreign residential property for rent and recorded a loss
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RE: foreign income tax
But what happens if my father collects those rental income and use it, meaning the money is and will never me. remitted to UK. and I don't use the money at all? Here the amount I am talking about is varies between 2k to 5k per year. -
foreign income tax
Hi, I have three questions: 1. If I paid rental income tax in Turkey for a property I own for several years (since 2016), did I have to declare this rent income in UK even though I didn't have to complete self assessment form? 2. As far as I know there is a UK-Turkey agreement to prevent double taxing. In this situation am I still facing a risk of paying penalty for undeclared tax income in case I forgot to declare these for a couple of years, or if I retrospectively declare them now, it should be ok? 3, Tax years run from January to December in Turkey, how will i convert it to April to April (and which exchange rate I should use when I do this retrospectively Thanks