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Go Back   Turkish Living Forums > Turkish Moves > Ask A Turkey Related Question > Tax Matters
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Old 13th July 2008, 09:08   #11
Gully Foyle
Senior Member
Re: Income on deposits

[Sorry to repeat myself]
I would advise Bernard Mathews to invest offshore in a broad based equity fund or two.
I have averaged 12% pa for the last 20 years and paid no tax. I am confident that my particular management group is 100% safe, unlike most Turkish banks. Again I say- betcha Bill Gates doesn't have a penny invested in Turkey.
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Old 13th July 2008, 09:16   #12
Glen
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Re: Income on deposits

How much does a government bond cost, please? Or alternatively what is the minimum investment?
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Old 13th July 2008, 12:43   #13
Darren
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Re: Income on deposits

Gully you/ve lost your bet on Bill Gates investment; probably your management group also has investments in Turkey particulalry if their funds are 2broad based"; very few international investment fund managers are not invested in Turkey; probably none.

You can buy the bonds through a stock broker; or your bank; be careful to check the trerms of buying through your bank. But you can obtain similiar returns buying a bond fund- a "B" type bond fund also has better liquidity to sell more easily. Using the bonds is better if you have want to say put Eu 50,000 - 100,000+ to work- and then buy a series of bonds with stagerede maturity dates and continually roll them with timing due to market pricing considerations.

If yoiu want to buy through your bank ask them for Hazine Bonosu ....
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Old 13th July 2008, 16:22   #14
Gully Foyle
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Re: Income on deposits

Hi Darren. Well I think I can say for certainty that my "Far East fund" is not in Turkey, probably not my "European Fund", nor my "Dollar Fund", or "Sterling Fund". Just perhaps the "Emerging Markets Fund" has a bob or two here.
As for Sir Bill, I can't disagree with you as I don't know, so I'll amend my statement. Pound to a penny he hasn't got the lot in Turkey to benefit from those high interest rates.
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