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-   -   Tax on inheritance money in south africa? (https://www.askmehelpdesk.com/showthread.php?t=620322)

  • Dec 17, 2011, 06:30 AM
    pato1
    Tax on inheritance money in south africa?
    If I receive $5,000,000 cash as inheritance from my late uncle in South Africa, and I want to move the funds to why own account in the Netherlands. I will like to know the tax. Thanks
  • Dec 18, 2011, 11:07 AM
    AtlantaTaxExpert
    This forum deals EXCLUSIVELY with tax issues for the United States, NOT South Africa or the Netherlands.

    Five MILLION dollars is a LOT of money, and the authorities WILL notice if you transfer it from South Africa to the Netherlands.

    Before doing so, I suggest you contact a tax professional for the Netherlands to determine if there are any tax consequences for transferring that amount of money.

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