Go Back  British Expats > Living & Moving Abroad > Far East and Asia > Malaysia
Reload this Page >

UK tax implications on International bank transfers??

UK tax implications on International bank transfers??

Old Oct 31st 2011, 2:12 pm
  #1  
Just Joined
Thread Starter
 
Joined: Oct 2011
Posts: 3
dane maheedin is an unknown quantity at this point
Default 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??
dane maheedin is offline  
Old Nov 1st 2011, 1:52 am
  #2  
Forum Regular
 
Joined: Aug 2010
Posts: 79
joamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud ofjoamelie has much to be proud of
Default Re: UK tax implications on International bank transfers??

Are you resident in UK or Malaysia?
joamelie is offline  
Old Nov 1st 2011, 1:59 pm
  #3  
Just Joined
Thread Starter
 
Joined: Oct 2011
Posts: 3
dane maheedin is an unknown quantity at this point
Default 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.
dane maheedin is offline  
Old Nov 1st 2011, 2:10 pm
  #4  
...............
 
bakedbean's Avatar
 
Joined: Feb 2009
Location: Far North Queensland
Posts: 17,625
bakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond reputebakedbean has a reputation beyond repute
Default 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?
bakedbean is offline  
Old Nov 1st 2011, 3:15 pm
  #5  
Just Joined
Thread Starter
 
Joined: Oct 2011
Posts: 3
dane maheedin is an unknown quantity at this point
Default 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!!
dane maheedin is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.