thom1980

Thanks Nik,

the he money is coming from the uk, so the account would be set up there by the person sending me the money.

i have just posted the topic on their section which I just noticed.

Nik, as you would have done if sent via a bank, were you required to fill out forms to notify HMS Tax due to the large amount?

cheers

MoneyCorp or ozforex are both reputable companies who will give you a better than bank rate.

Are you aware of any of the answers in relation to these companies in terms of, or are any any representatives of these companies on here to answer the following questions?

Are they speculating with the funds or just buying to order?

Are they registered with HM Customs as an overseas money service provider?

Do they have audited accounts at Companies House?

How many staff do they have and what turnover? (Obviously a medium/large established company is more reliable than two guys in a back room, though it’s no guarantee).

Are the funds held separately from the company’s fund. (This way in the event the company goes bust, it’s protected from creditors).

Do they have professional indemnity insurance protecting customers from staff fraud, etc?

Do they have direct access to SWIFT?

i ask these, because the amount in in the region of £100-120,000.

Hi, I may be getting a large lump sum from the UK shortly.

In terms of exchange rates etc, do these alter with the method of which the money is transferred? Ie; do I get a better rate for a swift (wire) transaction as opposed to a personal cheque or bankers draft?

Also, with a larger amount, can I secure a better rate than standard?

If my dad was on the deeds and he passes it is not made up as part of his estate. It simply transfers to the remaining owners if held jointly. If solely in his name then it would be part of his estate.

Hi

My parents are wanting to send me and my wife a sizable lump sum for house deposit. For arguments sake, £100k.

my dad in the uk was advised by his accountant to come on the property with us so if he was to pass away in the next 7 years, we would not be hit for a large inheritance tax bill and the property would just pass to us. This also safeguards my dad's money and me, should anything happen between me and my wife, god forbid.

although the Foreign Investment Review Board will allow this, but lenders won't seem to give me and my wife a mortgage with my dad on it too, even though on our own we can get a decent mortgage.

does anyone know how to do this or alternatively, if the money was gifted or loaned to me in Aus from the Uk, would we have to still pay inheritance tax should anything happen to him in next 7 years.

thanks

Any ideas why it takes up to 12 months if lodging in Oz, but only 3 if in England?!