Ask Experts Questions for FREE Help !
Ask
    Terrykilpatrick's Avatar
    Terrykilpatrick Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 27, 2010, 05:31 AM
    Tax implications on overseas transfers
    If a South AFrican resident is sending a gift within the legal limits to Sweden. Would the third party in Sweden be liable for paying tax on thye amount received?
    wnhough's Avatar
    wnhough Posts: 200, Reputation: 12
    Full Member
    		  
    #2

    Aug 27, 2010, 10:05 AM
    QUOTE," . . . Would the third party in Sweden be liable for paying tax on thye amount received?"---No. There is no inheritance/Gift tax in Sweden For reference, in the US, a donor generally pays the gift tax. Under certain arrangements,i.e. a net gift, the donee may pay the tax instead. In some countries, a donee usually pays gift tax on the gift that he/she receives.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

UK Tax rules on money transfers to USA [ 1 Answers ]

I am a UK National who has worked continually abroad since 1976 for an American company with whom I have retirement plan. The money is held in US dollars in an Isle of Man account. I would like to use the money to buy a house in the US and need to know if it will be the subject of UK tax?

What is US tax liability on overseas property sales when proceeds are kept overseas? [ 1 Answers ]

Tax liability on overseas property sales when proceeds are kept overseas.

Overseas Cash Gift for Escrow? Tax implications? [ 3 Answers ]

If I (US citizen) am receiving a cash gift from a non US resident/citizen, the transfer is made in foreign bank account to my foreign bank account. Then I use that amount as downpayment on a house, sent directly from my foreign bank account to the escrow company. Is there any tax complications? ...

View more questions Search