Taxation

Aygen1
Level 1
Southampton, United Kingdom

Taxation

Hello there,

I am a host based in the UK but my houses are in Turkey. I am a taxpayer and the citizen of both countries. 3 questions:

1. How is the fee paid out ( currencywise, how do I check the rate)- Is it  in local currency or converted to GBP (£) as my bank account is in the UK?

2. Where do I pay or claim for tax?
3. Is it more beneficial to be paid and taxed in Turkey/ the country where the houses are?

many thanks

2 Replies 2
Helen3
Top Contributor
Bristol, United Kingdom

I would suggest you get an accountant with experience of dual taxation Uk/Turkey and ask them on the best way to set up finances for your STR business @Aygen1 

Aygen1
Level 1
Southampton, United Kingdom

Thank you, was thinking about that, you confirmed it. Appreciate it a lot!