Q I’m selling my parents’ home in the Netherlands after my brother and I inherited it. We’ll have to pay inheritance tax in the Netherlands but if I bring the remaining funds across to the UK as a deposit for my first property here, do I have to pay tax again?
We will hopefully get more than £250,000 for the property but realistically probably less than £350,000. I wanted to keep some for a small place in the Netherlands and get a mortgage there but Dutch banks won’t deal with anyone earning in sterling for now, until the bilateral arrangements have been ironed out. If I keep it in a savings account in the Netherlands I will continue to pay tax each year.
NM
