I sold a home in the USA before I moved to Poland this year to live with my wife. I transferred (wired bank to bank) this money to my wife's Polish bank account so it would be more available when I was ready to buy a home in Poland. I didn't want to open a separate bank account here and couldn't be added to my wife's bank account because I wasn't a permanent resident at the time. So... this money wasn't a gift to her. Do I need to report these deposits to the tax office (value over 125,000 USD)? And will I be taxed on this?
From what I've been told by the tax office is that if we report these deposits within 6 months to them there will be no tax. I hope this is true.
FYI - I transferred the money via wire from bank to bank. It cost me $40 USD per transfer and there was a limit of $25,000 USD per transfer. There was a small transfer fee on the Polish end also. Maybe 20 zloty, not much though.
From what I've been told by the tax office is that if we report these deposits within 6 months to them there will be no tax. I hope this is true.
FYI - I transferred the money via wire from bank to bank. It cost me $40 USD per transfer and there was a limit of $25,000 USD per transfer. There was a small transfer fee on the Polish end also. Maybe 20 zloty, not much though.