taking money on holiday

[Dee Sa]

what is the legal amount of cash you can take out of the country when you travel ?also what is the legal amount you can bring back in ? for instance saying you had a bigish win in Vegas ? or your granny died in Spain and kept all her money in cash and left it to you ?
just asking because there was a radio programme that mentioned this but I didnt catch it all, something about sniffer dogs at airports can deduct cash.
Dee

[bednobs]

lol do you mean detect?

[sandyRoe]

You'd need to be able to give a convincing answer if asked where it came from. Not sure if there's a limit anymore.

[mrs_overall]

A friend of mine was left a small fortune by a relative in South Africa. They have restrictions on money being taken out of the country, plus my friend was worried about bringing large-ish sums back to the UK, in case the taxman got wind of it.
She goes to SA a couple of times a year and buys a diamond ring which she then flogs when she gets home

[sara3]

most people would do a money transfer. if you get caught and questioned you'll have to be able to prove how you came by it, or alarm bells will ring (probably not literally!).

[Dee Sa]

yes Bednobs I did mean detect ! they would have a job to deduct anything from me on returning from my holds !

[Dee Sa]

correction again my hols., not very good with a keyboard try and type fast and I cant.

[Buenchico]

Currency exchange regulations, which strictly limited the amount of cash which travellers could take out of the UK, were abolished many years ago. (There were never any restrictions on bringing currency into the country).

So you can take out, or bring in as much cash as you like. However, if you're travelling to or from a country outside of the EU you're obliged to declare any cash which you're carrying (including cheques, bankers' drafts or travellers' cheques) to HMRC if the amount you have with you exceeds €10,000 (or its equivalent). Such a declaration doesn't prevent you from moving the cash into or out of the country. HMRC can only prevent you from doing so (by seizing it, pending further enquiries) if they have reason to suspect that the money is in some way related to criminal activity:
http://www.hmrc.gov.u...ng/declaring-cash.htm

The same rules apply across the whole of the EU. (i.e. you can move as much money as you like, without any declarations, within the EU but you must declare amounts above €10,000 when entering or leaving the EU).

Chris

[ABerrant]

The cash declaration form for your Vegas winnings is downloadable from here...

http://www.direct.gov...shintotheUK/DG_173289

:)

[Dee Sa]

many thanx Buenchico as always u r very helpful, as I only play in nickel heaven in Vegas [ I am a bad looser] and my biggest jackpot was $40 dollars I dont have to worry, also thanks to ABerrant as I went on to the Govt site and looked up other things too, only trouble is I got engrossed and forgot I was also runnng a bath, just saved a disaster in the nick of time.
Have a good day everyone.
Dee

[dzug2]

You'd need also to check how much the US will let you take OUT - I'd guess it's the same as here, declare over a certain limit, but I don't have the time to research it at present.

You'd still get a better exchange rate by sending it through a bank than you would for the cash back here.

Dream on........

[wolf63]

So - why do they have dogs that can sniff out money?

[carlton23]

90% of paper money has a trace of `the white stuff` on it and that`s what the dogs can smell.