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-   -   UK tax implications on International bank transfers?? (https://britishexpats.com/forum/malaysia-148/uk-tax-implications-international-bank-transfers-737432/)

dane maheedin Oct 31st 2011 3:12 pm

UK tax implications on International bank transfers??
 
I am about to transfer a decent sum of money to my UK HSBC account from the account of a recently past relative. Does anybody know of the tax implications/rates that will be occured??:confused:

joamelie Nov 1st 2011 2:52 am

Re: UK tax implications on International bank transfers??
 
Are you resident in UK or Malaysia?

dane maheedin Nov 1st 2011 2:59 pm

Re: UK tax implications on International bank transfers??
 
Moving from UK to Vietnam next year. At the moment I live in UK but my late relative was living in Malaysia.:unsure:

bakedbean Nov 1st 2011 3:10 pm

Re: UK tax implications on International bank transfers??
 
I'm not a lawyer but might be worth speaking to one in Malaysia. Why shift money to UK if you are staying in southeast Asia ? Presume you know that there is no inheritance tax in Malaysia (nor Singapore nor Thailand) Just might be an angle to check out?

dane maheedin Nov 1st 2011 4:15 pm

Re: UK tax implications on International bank transfers??
 
Thanks bakedbean. I didn't know that there was no inheritance tax in Malaysia, Singapore or Thailand. Will possibly look to tranferring to Thailand then. Thanks again!!:D


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