Transferring sterling to Irish bank.

clappyhappy · 2019-03-11 19:56:20

My mother in law is selling her holiday home in the uk, after sale she wants to divide the sale between herself, her son & daughter. She's asking what's the best way to transfer money here. We have a UK bank account but live here, what would be the best way to transfer it, legally, but without getting fleeced with tax.…

11-03-2019 08:56PM

#1

clappyhappy

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My mother in law is selling her holiday home in the uk, after sale she wants to divide the sale between herself, her son & daughter. She's asking what's the best way to transfer money here. We have a UK bank account but live here, what would be the best way to transfer it, legally, but without getting fleeced with tax.

Appreciate any information. Thank you.

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#2 11-03-2019 09:57PM

Gooser14

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I can't comment on the tax element. You could use Currency Fair to exchange & transfer the money from the UK bank to the Ireland bank account.

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#3 13-03-2019 10:20AM

clappyhappy

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Thank you, I'll check that out.

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