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Paying minimal TAX on inheritance.

Fooddestroyer · 2009-08-16 17:18:05

My wife is a US Citizen who now lives in Ireland with me and needs advice on paying tax (or as little as possible!). She is about to receive some dollars (expected $40000) from her family inheritance, into an existing US bank account. As I have dual citizenship of Ireland and UK, with live bank accounts in both North and…

16-08-2009 5:18pm

#1

Fooddestroyer

Registered Users, Registered Users 2 Posts: 89 ✭✭

Join Date: July 2009

Posts: 56

My wife is a US Citizen who now lives in Ireland with me and needs advice on paying tax (or as little as possible!).

She is about to receive some dollars (expected $40000) from her family inheritance, into an existing US bank account.

As I have dual citizenship of Ireland and UK, with live bank accounts in both North and South (with her name on a joint UK account), we were wondering if what the BEST thing would be to do about the following:

1. What is the best way to avoid large amounts of tax, keeping everything TOTALLY LEGAL of course?

2. As regards investing say,.. $5-10k, where or what would you recommend to look?

Thanks for all your help in this matter.

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