Quizzes & Puzzles1 min ago
Transferring Money from Zimbabwe to the UK
1 Answers
A relative of mine who is from the UK but lived in Zimbabwe for many years has passed away and I am due to inherit his property and some cash around �5000 in local currency. I was wondering if I would be able to sell the property and bring any of the cash over to the UK with the country being so volatile at the moment? Can I even get the cash out of the country? If I can what are the Tax implications?
Many Thanks
Many Thanks
Answers
Best Answer
No best answer has yet been selected by Kelly Jo. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I don't think you would legally be able to get anything out and I suggest you don't even ask the Zimbabwe authorities and draw attention to it. The other problem is that inflation is so bad that you would probably need a suitcase or two to put the equivalent of the � Sterling amount of Zim$ !
I suggest you contact a lawyer in Johannesburg (S.Africa) and ask them, as they normally have a pretty good understanding of what goes on next door so to speak. Perhaps if they could convert it first to SA Rand then you would stand a better chance of a "normal" transaction.
I suggest you contact a lawyer in Johannesburg (S.Africa) and ask them, as they normally have a pretty good understanding of what goes on next door so to speak. Perhaps if they could convert it first to SA Rand then you would stand a better chance of a "normal" transaction.
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.