If I did that, I would probably get a figure in Euros lower than what I declare which would be advantageous to me, but I’m not that bothered about a few Euros.
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If (by any chance) Impots do away with the 10% deduction for elderly pensioners… I shall be closely scrutinising every last decimal point of each daily exchange rate… as we’re currently below taxable thresholds, but… 
Every centime will certainly count in that situation… 
Ok. I am going to use the average for 2024 which I have just worked out. This seems much easier than checking back our transfers from UK which my husband did through a currency broker. Obviously the rate we got was not quite as good….or bad as the official n the day I transfer lump sum directly bank to bank. Rubbish rate but quick and easy on app. Broker thingie scares me a bit. Thanks for input. Do t think I’ll be given the third degree as it will be approx correct
I’ve taken the figure of 1.17775€ and rounded it up to 1.18.
We have to declare our UK rental income according to the “réel” regime (as opposed to micro foncier) so every item of expenditure has to be listed and it’s just easier to multiply by 1.18.
On a different subject, have you had any bother with “special characters”?
Last year, it took me ages to work out that the reason I couldn’t submit my French return was that I’d used curly apostrophes in the Mention Expresse, rather than straight apostrophes.
And yesterday, using proprietary software to do our UK tax return, again I got stuck right at the final submission stage because in the dialogue box I’d used a couple of special characters (a forward slash and the circumflex in “impôts” - I’d been replicating George’s proposed note about UK bank interest being taxable in France under the double taxation treaty).
A couple of years ago I just could not fathom why the software wouldn’t let me submit. Turned out it was because my HMRC password contained a special character. So we had to change that.
Incidentally, I was talking about this with a friend yesterday and they said they don’t use proprietary software. They just skip the bit at the beginning about being resident in the UK, file direct on the HMRC website and include an apology in the notes at the end. Apparently they’ve been doing this for years and HMRC has always accepted it without demur!
Thanks George. It appears that the Isle of Man has an agreement with France for the exchange of information, but I don’t think that’s the same thing as a double taxation agreement?
But as you say, if I go for line 250 or 260, it comes to the same thing in the end (2TR). At least we’ve established that line 230 is wrong, this is only for accounts that have already been taxed at source, right?
But you are being taxed on your income and that’s when it arrives in your bank account. As you pointed out the impots will be quite happy to accept your figure but it’s not a true measure of your income.
Surely there’s no need for us to " worry this bone" any more… 
The definitive answer was given by the Impots Office and I’ve reported it here already, 1 hour ago…
If anyone would like me to provide a Recipe… I’m ready, willing and able… 
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Concerning exchange rates, my humble opinion is that unless you’re declaring vast amounts of UK based revenue, it doesn’t really matter too much which rate you use, 1,18 or 1,177 for 2024 or anything else close to these figures would probably be adequate. The second figure is advantageous…
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Agreed. I guess it is logical as - typically - tax havens don’t tend to have many double tax agreements, given there often isn’t any tax due on income from their territories, ie no risk of double tax…The IoM/France agreement is essentially to legally permit the Impôts to physically come to the island on request, enable them to check accounts on site, interview taxpayers, have the relevant tax data shared with the Impôts etc.
Not quite. 230 is really for reporting interest from countries where the tax due is creditable against French tax under their respective tax treaties, so will exclude the UK for example. If UK tax has been withheld from interest, the taxpayer needs to recover that from the UK, and not seek to credit it against French tax.
Most of it never arrives in a UK bank account, the GBP amount is exchanged and transferred directly by the pension provider. Some does go into my UK bank account but is transferred to France on the same day and some stays in the UK, for which I use the exchange rate on the day of arrival for that. Not sure just how much more accurate it could be.
As you point out your way is very accurate. However a lot of people have their income paid into the U.K. and only move money once in a blue moon. For them the rate on the day they transfer is irrelevant.
I’d like to come back to the differences between lines 230, 250 and 260 in Annexe 2047. I’ve understood (mainly with the help of George) that in my case untaxed interest from the Isle of Man should be declared in 250 or 260. But mainly to help other people, where should interest taxed at source be declared (from UK banks or from banks in other countries)? This is rather complicated information that could be helpful to a lot of people using this forum.
I wonder who you could possibly mean. 
Is interest from UK banks ever taxed at source now? I thought that stopped years ago.
I don’t know about that, I don’t have any interest from them, only from Isle of Man. If UK and Isle of Man is the same, then it should be declared in the same line (in principle 250 or 260…).
I don’t know about other countries in Europe either…
Me for one.
The reporting treatment will depend entirely on the country where the interest arises:-
Tax treaty countries that state a fixed % withholding tax that is creditable (eg 15% for some US source interest, Belgium, Australia) - line 230+
Tax treaty countries where the withholding is creditable up to the amount of French tax due (eg Morocco) -240
Countries with no tax treaty (Isle of Man etc) we discussed above earlier - line 250.
Tax treaty countries where any foreign tax withheld is not creditable - 260/250 (eg UK, Ireland, Germany)
The country by country level of creditable tax is set out in the Impôts guidance document that Larkswood12 helpfully posted above.
I agree. The default is no withholding now…
I tackled, and completed (on my own paperwork), my tax return Part One yesterday. All went smoothly but I was a tad exhausted by the end of it.
I might have a go at Part Two today, covering my lone personal details since Fran died on the 2nd of June. Should be easier although will still have to make conversions from UK and mix them with my French income.
For the information of others, and I know some people disapprove of my method, I arrived at a conversion rate of 1.16208.
We’ll see if that stays the same after later conversion in Part Two. Whatever it is, and bearing in mind figures mentioned on here, I will probably round up just to make sure I don’t infringe, and I don’t mind paying a few bob extra to keep the country which has supported me for the last 25 years, afloat. 
Well my tax office visit was not terribly successful. Stood in queue outside for hour and a half. One person only dealing with everyone Was told I gave to wait till my paper declaration arrives. The one for us as a couple until husbands death came 10 days ago. Was told they have to be done together? Do t see why. Came home and have put it all away for a few days as this was my fourth visit and am finding it all quite tiring now. Does anyone know if they REALLY have to be done together? Thanks a lot
Meggie
Sorry you’re having all this hassle.
If it’s any consolation, I almost chucked my computer out the window yesterday because the online return insisted I enter UK bank interest as income entitling me to a tax credit equal to tax paid abroad. When in fact I wasn’t claiming any tax credit for it whatsoever.
I don’t know the answer to your question but if it all gets too much, try these people. An ex colleague uses them and is very happy with their service.