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transfer funds from uk to Lithuania

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easterjegg2
  4/11/2015 04:56 EST

Hy can anyone tell me if I place funds into my wife's Lithuanian bank account from the UK would she have to pay tax she has been working here for ten years and paying UK tax

rammy121
  4/11/2015 08:18 EST

Nope...she only pays tax on income. e.g. If she earns interest on it, that is liable for tax, in the country the interest is earned. How you got this money in the UK is between you and H.M.R.C. there are what are known as "DTAs"-Double Taxation Agreements. Check the H.M.R.C. website. These can be complicated. I'd recommend you use transferwise . it's all legal etc.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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easterjegg2
  4/12/2015 11:24 EST

Hi thanks for the prompt reply I shall look up transferwise and see what they can do for me .We want to retire to Lt and any information regarding resettlement would be real good

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