Thank you for the feedback. Please can you clairfy will I need to declare also the past 10 years of the account that has been closed? Some of the money invested on this old account was on my and my brother's name, he still lives in Italy. Would I need to declare only my share? I also had a CURRENT ACCOUNT that didn't pay anything and on which I just had some money that was just sitting there - woud I need to declare that one too?
Please can you also let me know if there is exchange of information between HMRC and the italian revenue office. I dont know if I need to fill in an italian declaration form too.
thank you but you have not advised if I need to report the acccount that has been closed too. I need to know as I need to go to Itay to collect all the documents. Or I only have to report the account that is operational?
Thank you. Sorry one more last question. With the operational account and the closed one, the money hasn't been moved to the UK. All the interests gained have stayed in that account in Italy - no money has been transfered to the UK from those accounts
Am I still liable to declare the operational account?
Thank you - so even if interests and capital gains dont come into my account into the Uk I still have to declare it for the operational accout in Italy - correct?
Please can you advise when this has change has taken place as I am going to see the bank in Italy next week and they will ask these details.