Llantony Posted January 16, 2009 Share Posted January 16, 2009 We have yet to complete our first tax return in France. An English acquaintance (who certainly has a lot more money) says we'd be stupid to declare UK savings accounts as 'They'll never find out'. Just declare bank account interest and don't mention building society account, bonds etc. (if we get some). He reckons ISAs don't need to be mentioned anyway but I'd have thought the interest is income and if we aren't in the British tax system they aren't tax free.Of course we don't enjoy paying tax on our already dwindling funds, but we have never had the choice before, our earnings were taxed at source - as is OH's pension now we are retired. I'm a bit of a wuss about doing something potentially illegal.The way the exchange rate has gone, I wish we'd put money into a Livret A in France but it doesn't seem a great idea now and the pound has been going down ever since we arrived last summer! Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now