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Climate protests planned in around 400 towns and cities in France this month
More than 31,000 people have signed an open letter calling for stronger government action
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Ryanair does not owe customers going to and from France any favours
Company must take more than passenger wants into consideration
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Why are we seeing so many food recalls in France?
We review whether recall notices are really increasing
Tax on savings interest
WITH UK or French savings interest, do you have to declare the interest although not actually drawn down? Is savings interest that is not drawn as income and is left to roll over still taxable in France? Can you offset investment losses against investment gains when in an assurance vie or Qrops scheme? K.E.
ALL interest, whether drawn or not, has to be declared since it is what is earnt that has to be declared, not what is used. Likewise, yes, any income received (drawn) is taxable.
Unfortunately, one cannot offset investment losses incurred in one sort of product against the gains of another product since each product is taxed differently.
