You are still missing the point. The exchange rate when the money is transferred is irrelevant, it is the exchange rate when the money is earned that matters. Luckily France allows us to use an average over the year for that not the rate the days that the money was paid.
I am not missing the point. I have already conceded the point. Why do you persist in being arguementative?
I wish the UK standard was 1270L unfortunately it has been a static 1257L for about three years now. Just had to deal with tax office as they were using tax code against wrong pension income despite sending a double taxation form.
Sorry, didn’t actually look it up so memory failure on my part but the numbers are similar regardless.
David, you will be seen as a single person, marked veuve on the tax form. Just make sure they have done this and if not, corriger yourself. It was all automatic when I was widowed. You are therefore taxed if over the limit for exemption as a SINGLE PERSON.
Your replies suggest otherwise. Go back to my first post where I pointed out that although your system will work for some people like yourself it’s not appropriate for most people. You are implying that using the exchange rate you received for the money transferred is the best way, I’m simply pointing out that it’s money earned not money transferred that matters.
Yes, thank you @Shiba, but as I wrote above I have already taken that into account and am prepared to be paying tax for the first time in 25 years.
@David_M_Matthews This is what you wrote
And that is not my position, I do not transfer all my money immediately, I transfer some of it every now and then when I see the rate rise to an acceptable level. I then average all those rates throughout the year and compare them with the various ‘official’ rates I read in here. Obviously, because I only transfer at the top of the rate cycle, my rates are always more than the so-called official rates presumably originating from the Banque de France. As long as I am not diddling myself I am happy to use a slightly higher rate, just to be on the safe side. It is not me who is missing the point.
Just out of interest, where did you get that rate of 1.176 from? And how do you explain the fact that some people get different rates at different tax offices?
I haven’t done my calculations yet but I can guarantee that my average will be higher than that and, when the time comes, if necessary, I will bring the rate I use to declare down towards it a little.
That’s one of those, if you have to ask the question you probably won’t understand the answer things.
I got that rate from the second post on the thread.
Oh I see, so you have no idea if it is accurate or not, so that answers my second question as well then. Rumours.
No! You don’t understand. What did the second post say? What was wrong with it? What was its source? The answer to all of those questions are in the thread. My answer was simply converting the figure in the second post putting it into a form that most people will understand. Why on Earth are you intent on criticising my correct post when your offering makes no sense at all for most people? Please don’t arrogantly tell me that I am wrong when the figure I gave comes from a source that a lot of people will use. As I said, if you have to ask the question you won’t understand the answer. I was correct.
A question was asked, and answered then you converted the answer, all without source. Then @George1 gave the Bank of France answer which I later referred to while mentioning that some people ask at tax offices and don’t always get the same results.
You for some reason did not like my method and then got the facts wrong about it.
It is quite legitimate to disagree but there is no need to keep banging on about it in your insulting way.
I do not block threads as some people do because something useful might be missed later but you can have another go if you like but I will not answer you again.
Please just answer the questions I asked. They will show you where I got the figure from and it’s source. It is all in the thread.
The figure that I will probably use will be the average of the Bank of France’s monthly averages, a more refined version of George’s answer.
David M does seem to be frequently argumentative on small points hence the number of posts on a minor issue. Some are. I can be as well.
Indeed, but a first time with me, also a first for me to blank someone.
can any of you bright financial sparks tell me why I cannot get the conversations of SF on my mobile? I have the app, the headings come up, but anything I want to read refuses and I get blue dots coming and going.