Hi All,
Im cross posting this to the New life in America forum to try and get as many responses as possible. I really need some help.
I have around $10,000 that I wan't to transfer to my SO's bank account so that he can get me a car etc before I arrive, however, I have been told that if I transfer it all in one go, he will be subject to pay 43% tax on it!
I can't take it with me in cash because you aren't allowed to have that much cash on you (or so I am told) and I do not have a bank account set up over there yet so I can't transfer it to an account in my name.
Has anyone transferred money to their SO, and have any idea what the answers are in this scenario?
I'm making a trip to my bank today to find out if I can do a wire transfer over the phone once i'm in the US, but other than that - I am stumped!!
Thanks in advance
Saffy