allanb Posted October 29, 2007 Share Posted October 29, 2007 If you have a fixed-term savings account on which the interest is credited in a single lump at the end of (for example) five years, do the French rules specify whether you have to declare the accrued amount each year, or only when it's credited? Or can you choose?I'm interested because I have an account like this and I've discovered that if I want an annual statement of accrued interest the bank will charge me a generous fee for it. Link to comment Share on other sites More sharing options...
Llwyncelyn Posted October 29, 2007 Share Posted October 29, 2007 I am not sure but I think you can only declare income when you receive it? ie its in your bank account. Theorectical interest is a concept not recognised hard cash is. So I think it must be at the maturity of the agreement.We have accounts but annual ones and its only within the year that we receive the interest do we declare the income to the Impot guys. Link to comment Share on other sites More sharing options...
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