swimmedia
17 Jan 2012
Law / Dying in Poland - Inheritance tax ? [62]
Well....
It seems there are some conflicting opinions here, as I feared there might be :(
On the positive side:
- From memory if there is no duty to be paid in the UK (i.e. estate under GBP 325,000) or tax has already been paid in the UK, there is no tax liability in Poland.
and the negative
- It says if you are not a Polish citizen but only a permanent resident so called Polish Tax resident you are a subject of Polish inheritance law and obliged to pay .
- The mutual agreement between Poland and UK about the avoidance of double taxation does not pertain the inheritance tax.
Just to be clear:
- although I haven't explicitly asked the solicitor who's dealing with the estate, at this point I'm confident that all UK taxes/duties have been or will be paid, and that the amount I'm receiving is after tax.
- The amount is less than GBP 325,000, but it's a decent whack.
- The solicitor said "The only matter outstanding in the estate is the final tax return. The forms have been submitted to H M Revenue & Customs but have not yet been processed. I am suggesting that I make an interim payment."
As suggested I will talk to a professional about this, and also to ukpolska (thanks Polmed).
As a matter of interest, does anyone know anything about:
a) whether I'm supposed to declare this to the Polish taxman, or how else he might find out?
b) whether leaving the money in the UK, or not bringing it to Poland would exempt me from any possible taxes?
c) If, as a normal UK citizen residing in the UK I would obliged to declare the money and pay tax, or would this tax already have been paid before I got the money?
Thanks again!
Well....
It seems there are some conflicting opinions here, as I feared there might be :(
On the positive side:
- From memory if there is no duty to be paid in the UK (i.e. estate under GBP 325,000) or tax has already been paid in the UK, there is no tax liability in Poland.
and the negative
- It says if you are not a Polish citizen but only a permanent resident so called Polish Tax resident you are a subject of Polish inheritance law and obliged to pay .
- The mutual agreement between Poland and UK about the avoidance of double taxation does not pertain the inheritance tax.
Just to be clear:
- although I haven't explicitly asked the solicitor who's dealing with the estate, at this point I'm confident that all UK taxes/duties have been or will be paid, and that the amount I'm receiving is after tax.
- The amount is less than GBP 325,000, but it's a decent whack.
- The solicitor said "The only matter outstanding in the estate is the final tax return. The forms have been submitted to H M Revenue & Customs but have not yet been processed. I am suggesting that I make an interim payment."
As suggested I will talk to a professional about this, and also to ukpolska (thanks Polmed).
As a matter of interest, does anyone know anything about:
a) whether I'm supposed to declare this to the Polish taxman, or how else he might find out?
b) whether leaving the money in the UK, or not bringing it to Poland would exempt me from any possible taxes?
c) If, as a normal UK citizen residing in the UK I would obliged to declare the money and pay tax, or would this tax already have been paid before I got the money?
Thanks again!