Raisin Account tax Implications e.g. Inheritance tax etc?

W

whiz

Registered User
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Hi Guys,

if an elderly parent wanted to open a raisin account in a European country, if they died would there be tax implications e.g. Inheritance tax, from the jurisdiction of the country where the account is held?

Any response appreciated.
 
I'm sorry I cant help with your question but I would be very interested in getting some insight into this too.
 
If there are inheritance tax implications then elderly ppl should hold off on opening a raisin account so it be great to get answer to the above question
 
The short answer: possibly.
It depends on the country the funds are in, the total value of the estate in that country, and the relationship of beneficiaries to the deceased.
Even without tax implications, expect to have to provide official translations of will, etc.
At a minimum I wouldn't be putting money in a foreign bank account without having a will made.
 
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