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if i was supposed to receive a wire transfer as the beneficiary

Answered by:SamTax
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Customer Question

if i was supposed to receive a wire transfer as the beneficiary of $500,000.00 USD, from National westminster Bank in the UK, and I am a non-resident, living in USA, is there tax (fee) associated with that transfer, and if so, is that required before the transfer by the Inland Revenue and Customs? And if so, would I be required to pay the Bank who would then pay the fee?

Submitted: 293 days and 11 hours ago.

Category: UK Tax

Value: $65

Status: CLOSED

Accepted Answer

Expert: SamTax replied 293 days and 11 hours ago.

Thanks for your question

I am afraid you are a victim of a scam - there is NEVER a requirement for tax to be paid before funds are released from the UK, and they are asking you for this "fee" which they advise has to be paid prior to the release of your inheritance, and sadly the inheritance payment never materalises, and they have your "fee" which they have scammed from you.

Do not pay anything.

Thanks

Sam

Expert Type	Accountant
Category:	UK Tax
Pos. Feedback:	99.5 %
Accepts:	6007
Answered:	7/3/2012

Experience: 26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

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