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Casino win and customs
DKLS
Posts: 13,461 Forumite
Just had an email from a friend out in Vegas, he has won some money and was wondering if he had to declare it on entry.
Any one know? I couldn't see anything on the Customs website
Any one know? I couldn't see anything on the Customs website
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Comments
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He'll have to declare anything more than $10,000 to US Customs before he leaves. The casino may have given him a form for this.
I think the limit in the UK is £10,000 (or currency equivilent) before it has to be declared.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Unless he has already filled out the forms in the casino he'll have had something like 20 percent deducted as if he was a US tax payer . This is only for high value wins ....so depends what he classes as a big win though !I Would Rather Climb A Mountain Than Crawl Into A Hole
MSE Florida wedding .....no problem0 -
Thread of the day.0
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+1 for let the casino handle it (BUT NOT GET IT BACK!)0
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Unless he has already filled out the forms in the casino he'll have had something like 20 percent deducted as if he was a US tax payer . This is only for high value wins ....so depends what he classes as a big win though !
About 150k less a new rolex and "the best night out ever" whatever that means/0 -
that's a big win in anyones book, cant help with customs but what was he playing to win that amount, I am guessing poker?0
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I would open a bank account in USA / Caymen Islands and feed off the money for several years."Man invented language to satisfy his deep need to complain."
''Money can't buy you happiness but it does bring you a more pleasant form of misery.''0 -
omg - I really want to know the story about how he won that.
https://www.gov.uk/bringing-cash-into-ukDoes remembering a time that a certain degree of personal responsibility was more or less standard means that I am officially old?0 -
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Could have been the slots, they can have big payouts.
What great news hope he put's it to good use.
He may have to declare on exit from the USA as well, I don't know, just a thought.........0
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