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Old 03-21-2012, 04:01 PM
 
17 posts, read 57,090 times
Reputation: 11

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Hi!

I'm thinking about buying a house here and I would need to transfer about 10k euros from my account in Netherlands to my account in the UK.

I still don't know if it would count as my income (thus affecting my taxes on my salary / my yearly free tax allowance) or if I would receive it tax-free, since I have already paid taxes in the Netherlands.

Has someone been through the same situation? Any help would be appreciated.

Thanks,

Dan
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Old 03-22-2012, 02:06 AM
 
3,059 posts, read 8,282,830 times
Reputation: 3281
It is your personal savings, so no, it is not taxable.
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Old 03-22-2012, 02:53 PM
 
Location: England.
1,287 posts, read 3,323,006 times
Reputation: 1293
Don't be surprised if such a large amount alerts the authorities to have a look.
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Old 03-22-2012, 03:43 PM
 
Location: by the sea
212 posts, read 375,773 times
Reputation: 222
I've transferred $5k from my account in England to another in Canada and it was fine. No taxes/questions.
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Old 03-25-2012, 09:34 PM
 
Location: UK
1 posts, read 803 times
Reputation: 10
Default Re:Transfering money from Netherlands to UK

Is it normal proceedure to send money to Post Bank then they will put it into my account at Success Finance Group. They are asking me to do this to open an account so I can have some bonds transferrred to my account in the US.
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Last edited by johnbrendon; 03-25-2012 at 09:47 PM..
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