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Old 30.09.2017, 15:44
John_H
 
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Inheritance UK > CH

I've read a few threads on this but still have a question or two.. I'm due to receive some money from the estate of a deceased relative.. I'm taxed at source B permit holder so I don't declare anything here.

So the lawyer in UK simply transfers the money to my account? IBAN transfer?

I'll be five years here in January so I guess might change to C permit.. I would be taxed here at that point after declaring savings? Or not if i just spent it

I'm feeling i'm missing something?
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Old 30.09.2017, 15:49
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Re: Inheritance UK > CH

Check with the canton Vaud tax office if you are subject to inheritance tax. Maybe not as it comes from aboard. From then on you just declare whatever remains as wealth, done.
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Old 30.09.2017, 15:57
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Re: Inheritance UK > CH

Any inheritance tax will be due in the UK on the deceased’s estate. As far as Switzerland is concerned your wealth may now bring you into Swiss wealth (Vermögen) tax, but this is minimal.

As you are taxed at source (assumed to be Quellensteuer) then I don’t believe you asked about your possessions. If you have to complete a Swiss tax declarations you could indeed spend it before the end of the tax year, but buying a car won’t help as these have to be declared too. World cruises and betting on horses are another matter...
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