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Inheritance issue - how does it work across borders?

53 replies

WidowWadman · 20/12/2012 19:38

Just looking on pointers were to ask. My aunt has died this week and it turns out that me and my brother and I are her beneficiaries.

We don't know yet how much there is (if anything), and there's complicating (I think) matters.

My aunt, my brother and I are all German nationals. My aunt lived in the Netherlands, where she had a flat, but she had also some bank accounts in Germany.

I'm a UK resident, and whilst I have a German bank account, there's precious little in there, and all my income is UK based and I pay UK taxes.

So how does the inheritance work tax wise? How do I best get it transferred to a UK account. How do I decide what type of account to open to park the money (depending how much it is)?

If it turns out that the inheritance isn't assets but only debts, how do I get out of it?

What questions do I need to ask when it comes to discuss the whole thing with the executor?

I will not be able to attend the first meeting in person, so will send my dad in my place which makes it more difficult. I know my dad has my best interests at heart, but I don't know whether he really knows how this whole shebang works either, so I'd rather give him a list of points to work through.

OP posts:
WidowWadman · 30/12/2012 21:58

Thanks for the (working!) link. The whole thing is stressing me out so much. Xmas Sad

OP posts:
SolomanDaisy · 31/12/2012 15:11

You really need to find out whether their wish to apply German law was registered with a notary in the Netherlands. Establishing whether the will is valid under Dutch law needs to come before worrying about tax.

GrumpySod · 02/01/2013 14:28

On a different tack... when it comes to transferring any possible money to the UK, check what tax liability rules are. I don't know anything for certain. But after I transferred in a load of money from outside EU to my UK bank account (medium-size inheritance) I was told I should have paid hefty tax on it; there was some funny loophole trick to avoid tax.

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