converting GBP to NZD
#1
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 72
converting GBP to NZD
Hi
Does anyone know if there is a time limit for people to convert GBP to NZD as i was told you get taxed on your GBP funds after a certain time. We were thinking of leaving it in our offshore sterling account until the rate improves, not that we're going for another two years so hopefully by that time we won't have to worry too much about the low rate.
Does anyone know if there is a time limit for people to convert GBP to NZD as i was told you get taxed on your GBP funds after a certain time. We were thinking of leaving it in our offshore sterling account until the rate improves, not that we're going for another two years so hopefully by that time we won't have to worry too much about the low rate.
#2
Re: converting GBP to NZD
Hi
Does anyone know if there is a time limit for people to convert GBP to NZD as i was told you get taxed on your GBP funds after a certain time. We were thinking of leaving it in our offshore sterling account until the rate improves, not that we're going for another two years so hopefully by that time we won't have to worry too much about the low rate.
Does anyone know if there is a time limit for people to convert GBP to NZD as i was told you get taxed on your GBP funds after a certain time. We were thinking of leaving it in our offshore sterling account until the rate improves, not that we're going for another two years so hopefully by that time we won't have to worry too much about the low rate.
#3
BE Enthusiast
Joined: Jan 2008
Location: permanently locked down
Posts: 733
Re: converting GBP to NZD
Hi
Does anyone know if there is a time limit for people to convert GBP to NZD as i was told you get taxed on your GBP funds after a certain time. We were thinking of leaving it in our offshore sterling account until the rate improves, not that we're going for another two years so hopefully by that time we won't have to worry too much about the low rate.
Does anyone know if there is a time limit for people to convert GBP to NZD as i was told you get taxed on your GBP funds after a certain time. We were thinking of leaving it in our offshore sterling account until the rate improves, not that we're going for another two years so hopefully by that time we won't have to worry too much about the low rate.
With GBP continiung to trade at a lower and lower levels against the NZ$ who knows what might happen. The low of $2.50 that started a seperate thread on this or another forum seems like dreamland at the mo
#4
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 72
Re: converting GBP to NZD
Thanks for your replies, lets hope in all that time it can reach 2.50 again! We can dream anyway
Where abouts in Sheffield are you from? We used to live in Sheffield before moving to Isle of Man 11 years ago.
Where abouts in Sheffield are you from? We used to live in Sheffield before moving to Isle of Man 11 years ago.