French Finance

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   15/05/2008, 10:40
David is not online. Last active: 17/10/2008 17:18:35 David

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Re: Is an FD5 a FD5?
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SPG and Coops,

Many thanks for your very clear answers to my question.  I had wrongly assumed that you used the FD5 each year, so it seems that I was using the wrong form and the wrong method.

Many thanks again.

David

Edit.  p.s.  Should I claim back the UK tax for the UK tax year or the French tax year?  In my French tax return I will be declaring the interest earned for the French tax year. 


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   15/05/2008, 10:53
cooperlola is not online. Last active: 09/11/2008 17:04:05 cooperlola



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Re: Is an FD5 a FD5?
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Personally, I claim for the UK tax year as it's the UK authorities I'm dealing with.  It's really of little interest to the French, so long as you've paid up over here, how you get the money back, imo.


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   15/05/2008, 11:04
BobDee is not online. Last active: 03/09/2008 15:04:02 BobDee



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Re: Is an FD5 a FD5?
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I have fond hopes that having submitted an FD5, and not being in receipt of a government  pension taxed at source, my bank and building society can be persuaded to pay all interest gross. so no more UK tax! and thus no more claim forms!

Am I in dream land?

BobD


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   15/05/2008, 11:05
cooperlola is not online. Last active: 09/11/2008 17:04:05 cooperlola



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Re: Is an FD5 a FD5?
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Depends on the bank/building society....
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   15/05/2008, 11:21
Ron Avery is not online. Last active: 10/11/2008 13:30:59 Ron Avery

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Re: Is an FD5 a FD5?
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Bob  You are in dreamland, few now pay gross to overseas customers R85 or whatever it is or not!!

There are a couple of ways to get back tax paid on savings in the UK. the easiest if you have a non government pension and you have to do one anyway, is to do it by a UK self assessment tax return in the year concerned.  Provided that that you have your pension paid gross in France, all you do is complete the assessment with the details of the tax deducted and interest paid, (you do NOT have to declare your French taxed pension ) and provided that the total income from savings is below your free pay, you get the tax paid refunded.  This is the method recommended by the HMRC centre for non-residents at Bootle.


Why not post a sensible answer, people will appreciate it more


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   15/05/2008, 11:30
sweet 17 is not online. Last active: 19/11/2008 23:24:59 sweet 17

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Re: Is an FD5 a FD5?
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 cooperlola wrote:
Depends on the bank/building society....

Except that even the same organisation does different things.  For example, I have an internet based savings account with Nationwide on which they pay me interest gross; it was opened when I was still living in the UK.

I also have an internet operated savings bond with the same building society and the interest on that is going to be paid net.  They told me that as I now live overseas they cannot pay me gross.

Needless to say, I have kept schtump about the other account and will just quietly claim back the tax from the UK when the bond matures.

I think that even within the banks, building societies themselves, it's a case of the right hand not knowing what the left hand is doing. 


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   15/05/2008, 12:04
BobDee is not online. Last active: 03/09/2008 15:04:02 BobDee



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Re: Is an FD5 a FD5?
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Just off the telephone with Nat west and Nationwide.

I have E savings with both. Natwest say if you want your interest paid gross you will have to close the account.

Nationwide say no problem, just fill in their R85 form. Young lady there said vast numbers of their customers are overseas and get interest paid without tax.

Nationwide win again!

BobD


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   15/05/2008, 12:21
David is not online. Last active: 17/10/2008 17:18:35 David

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Re: Is an FD5 a FD5?
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BobD,

Will Nationwide accept new overseas customers?

David


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   15/05/2008, 12:34
BobDee is not online. Last active: 03/09/2008 15:04:02 BobDee



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Re: Is an FD5 a FD5?
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David,

I think not but Nationwide International will

BobD

Sorry Mods, this is not meant to be a Nationwide plug!

 


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