funfun Posted May 30, 2008 Share Posted May 30, 2008 was wondering if anyone knows the new rules i heard about last year, from memory it was 20,000 us dollars coming in they were allowed to keep a 33% hold back for a year? not sure of the rules or regs etc the sum probably might be in the region 500/700,000 English so is there a way of getting it in and maybe back out without this or any bieng witheld by the banks. a friend has sold up and is determined to bring the lot and buy/invest over here and thinks he can just bring it in and out? maybe hes right but im under the impression he cant? any help on this would be gratley appreaicted as id hate to cost someone time and money through bad advice or if a firm over here deals speficaly with this? Many thanks chris Link to comment Share on other sites More sharing options...
MrIrrisistable Posted May 30, 2008 Share Posted May 30, 2008 I believe they have, or are going to abolish that ruling. I thought I read in the paper that they had already culled it, but check for sure first. If he was my friend, I would advise him to bring what he needs initially and leave the balance in UK till he decides what he wants to do. For example, buy a home first, then settle on what he wants to do, rather than bring it all here and then find out it ain't as rosy as he had thought. Link to comment Share on other sites More sharing options...
Naam Posted May 30, 2008 Share Posted May 30, 2008 the "new" rules are abolished old rules. no restrictions now! Link to comment Share on other sites More sharing options...
hanibal7 Posted May 30, 2008 Share Posted May 30, 2008 i read that the max amount has been abolished,however i believe that when you bring cash in thru the airport the max is 20,000$.not 100% sure though. Link to comment Share on other sites More sharing options...
funfun Posted May 30, 2008 Author Share Posted May 30, 2008 Thanks chaps "i read that the max amount has been abolished" "the "new" rules are abolished old rules. no restrictions now!" "I believe they have, or are going to abolish that ruling." anyone got a link to the ruleing bieng stopped etc, or a copy of a quote etc so i can email this? Cheers chris Link to comment Share on other sites More sharing options...
lopburi3 Posted May 30, 2008 Share Posted May 30, 2008 http://www.nationmultimedia.com/2008/02/05...ss_30064440.php Link to comment Share on other sites More sharing options...
funfun Posted May 30, 2008 Author Share Posted May 30, 2008 cheers for that lads, and as ever on the nail lop! chris ps should he get fleeced for some of it, should it be as easy to send back uk no probs? Link to comment Share on other sites More sharing options...
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