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:

Re: UK tax implications on International bank transfers??
 

Are you resident in UK or Malaysia?

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:

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?

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