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Moving Abroad and selling

robbybaggio
robbybaggio Posts: 13 Forumite
in House buying, renting & selling
Hi, this is my first post and just wanted to say I wish I had discovered this site before, It's GREAT. Anyway, I would like some info about moving abroad for good. I am selling my house and would like to know how much am I allowed to take abroad and/if i have to pay taxes on money going abroad, etc.. Thanks

Comments

  • martyn4764
    martyn4764 Posts: 840 Forumite
    Part of the Furniture Combo Breaker
    robbybaggio wrote:
    Hi, this is my first post and just wanted to say I wish I had discovered this site before, It's GREAT. Anyway, I would like some info about moving abroad for good. I am selling my house and would like to know how much am I allowed to take abroad and/if i have to pay taxes on money going abroad, etc.. Thanks


    Big place, abroad... answers will depend to a great degree on where you're going?
  • robbybaggio
    robbybaggio Posts: 13 Forumite
    I'm going back home, ITALY.
  • martyn4764
    martyn4764 Posts: 840 Forumite
    Part of the Furniture Combo Breaker
    robbybaggio wrote:
    I'm going back home, ITALY.


    Aah, the username was a clue then? :rotfl:

    Not a part of the world I can help you with, I'm afraid, hopefully someone else'll be along to help.

    All the best
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    As Italy is in the EU I guess there shouldnt be any restriction on the money you can take back as clearly this would interfere with the EU tenet freedom to reside and move within member states. If you are an EU citizen, you can move freely and work anywhere within the EU etc, I really cant foresee any problems in you moving home?

    the problem you MAY have would be in changing the currency - but I dont know about that really, I'll leave that to someone else to help :)
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The best way to get a large amount of money over is to use a money brokers like https://www.currenciesdirect.com - you will get a better exchange rate. They do charge but it is only about £15. It can go straight into your Italian bank account.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • robbybaggio
    robbybaggio Posts: 13 Forumite
    thanks, i'll have a look now.
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