Lopper Charles
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RE: Bank transfer rules Turkey to UK
Brilliant, thanks very much, so no need for separate bank accounts in Turkey or in UK ? -
RE: Bank transfer rules Turkey to UK
Thanks again. The property in Turkey is jointly owned with my wife so is it correct that we can declare half each of sale proceeds separately for CGT when transferring proceeds from our separate bank accounts in Turkey to our uk joint bank account or would we need to have separate bank accounts in uk to transfer to and then declare half each separately ? -
RE: Bank transfer rules Turkey to UK
Ok thank you for that. I have looked through the guidance and I may be missing something so in order that I dont do something wrong if/ when my property is sold I need to ask. If I transfer the proceeds of a sale to my uk bank account and then purchase Isas and or Premium Bonds with the full amount I would then have nothing to declare for a Capital Gains Tax declaration. Is that correct please.and is that procedure ok ? -
RE: Bank transfer rules Turkey to UK
Thanks so much for your help in this , very good facility. One last question please. Where or on what forms do I declare the sale of the property please ? -
RE: Bank transfer rules Turkey to UK
Looking at CGT info it appears that I could transfer proceeds of sale of a property to my uk bank and then invest it in Isas and or premium bonds without having to declare it. Is that correct ? -
RE: Bank transfer rules Turkey to UK
Sorry to post again but if the money transfer relates to sale of a property in Turkey are there any taxes to pay in UK. Thank you for your patience ! -
RE: Bank transfer rules Turkey to UK
Please can I confirm that as a UK citizen that there is no capital gains tax on a money transfer from my Turkish bank account to my UK bank account Just need to be sure before doing any transactions please -
Bank transfer rules Turkey to UK
Uk resident , how much can I transfer from my Turkish bank to my UK bank and do I have to pay tax on it