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Any extra taxes to pay??

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suzianne
suzianne Posts: 2 Newbie
in Cutting tax
aaarrrgghhhh I think I deleted my question so here it is again.......My fiance is a Canadian, resident in US with a US bank account. He wants to transfer funds to my Scottish account so that I can purchase our family home before he gets here and before we marry as he is in hospital((f$%"*&g bin laden:mad:)). He will be relocating to Scotland under the Ancestory rule. Will there be any kind of extra taxes to pay??
Thanks.

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  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    At this end - no. But be aware of possible inheritance tax implications if he were to die after transferring the money and before marrying.

    There could be some US tax involved - no idea.
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