Getting Money from abroad

kinger101

davidmcn wrote: »

Also, is it really the case that French banks have some sort of policing role in their capital taxation system? I would have expected them to do much the same as here i.e. do the transfer without question and leave you to work out the tax implications yourself.

Given the gift taxation system in France, it's possible there is some withholding tax system that the banks must operate. Somewhat akin to them taking 20% off interest here (until April 2016). Bureaucracy is off course a word we borrowed from the French.

John_Fla

Thank you All for your replies and advice, I suppose it wasn't a question as such just needed to find an answer ( if there is one ) to the problem. Of course I realise it's not my problem but you wouldn't believe the assistance the Buyers have had up till now, TBH they seem very naive about the whole process.
I have no direct contact with anyone so am reliant on my estate agent to try and sort it out.
I am thinking along the lines that I may have to re market and possibly loose my house purchase, which is going to incur some costs which makes it all the more frustrating, We should have exchanged two weeks ago with an agreed completion date of the 8th Jan, Now this.

Regards
John.

G_M

John_Fla wrote: »

......, TBH they seem very naive about the whole process.
I have no direct contact with anyone so am reliant on my estate agent to try and sort it out.
I am thinking along the lines that I may have to re market and possibly loose my house purchase, which is going to incur some costs which makes it all the more frustrating, We should have exchanged two weeks ago with an agreed completion date of the 8th Jan, Now this.
.

Not sure who is being the more naive here - possibly the blind leading the......?

* no, you should not have exchanged 2 weeks ago as the 2 parties were not ready
* you could not have an agreed completion date - you have not exchanged
* it's not your estate agent's job to sort it out - it's the buyer's job
* you should be putting pressure on the buyer - start re-marketing today, and make it clear if you find a new buyer before this one sorts his finances you'll pull out - remember this buyer will have sunk money ino the purchase already, just as you have with the purchase you fear you will loose (bowels).