Tax Free Money Transfer
Can anybody help me find out how much money I can transfer to the USA when I immigrate and what are the tax laws. I assume there is an amount you can take before you have to pay tax on the rest?
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Re: Tax Free Money Transfer
Originally Posted by scoobygilchrist
(Post 7974529)
Can anybody help me find out how much money I can transfer to the USA when I immigrate and what are the tax laws. I assume there is an amount you can take before you have to pay tax on the rest?
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Re: Tax Free Money Transfer
Thanks, but when you say that I have to take the money with me, does that mean that I physically have to carry a cheque, money order etc?
My plan was to send some money out in advance and then at a later date transfer more money out there. Are there problems with doing that? |
Re: Tax Free Money Transfer
Originally Posted by scoobygilchrist
(Post 7974529)
Can anybody help me find out how much money I can transfer to the USA when I immigrate and what are the tax laws. I assume there is an amount you can take before you have to pay tax on the rest?
|
Re: Tax Free Money Transfer
Originally Posted by scoobygilchrist
(Post 7974718)
Thanks, but when you say that I have to take the money with me, does that mean that I physically have to carry a cheque, money order etc?
My plan was to send some money out in advance and then at a later date transfer more money out there. Are there problems with doing that? No problem....transfer it whenever you wish...as many times as you wish. |
Re: Tax Free Money Transfer
As others have said, you should have no problems doing that. You might want to look into using a forex service, like XE or UKforex, as it'll most likely be cheaper than going through your bank.
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Re: Tax Free Money Transfer
Thanks guys.
Brilliant advice as ever. |
Re: Tax Free Money Transfer
Originally Posted by scoobygilchrist
(Post 7974891)
Thanks guys.
Brilliant advice as ever. |
Re: Tax Free Money Transfer
...and we'd like to thank you for bringing your foreign-earned money and spending it in the US! :thumbup:
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