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bigduckontax, Accountant
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I bought a flat in Turkey and have a bank account with HSBC

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I bought a flat in Turkey and have a bank account with HSBC out there .. not enough in it to earn interest. All done with my taxes UK earnings. Do I need to declare. I am not earning an income from it just draining my UK bank account in repairs?

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

If you are not earning income from this property or bank account then no declaration is needed. You should emulate Brer Fox, 'For he lay low and say nuffin!' In any event the first 1K of deposit income is now tax free.

I do hope that I have been able to set your mind at rest on this matter.

Customer: replied 7 months ago.
Thank you that is a relief

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