Transferring funds from South Africa

[SgtBellPepper]

Hopefully someone can advise me.

My late mother left her SA house to my brother and I. He is now buying my half out.

My questions are :

1. What do you think is the best way of transferring the funds to the UK?

2. Are there any HMRC implications to consider?

Many thanks in advance.

Sarge.

[Traveler33]

I am not familiar with UK inheritance laws, or SA laws regarding capital controls.

Have the funds wired from the SA bank to your UK account. Either bank can do the currency exchange, as a rule usually the SA bank will give you the better % fee, since for the SA bank UK currency is a "major currency"

The actual fee for the transfer should be around$50.

Cash is risky (loss/theft) and suspicious in large amounts (and illegal/seizable if you do not declare it if required to do so)