Fesshole 🧻My grandad was quite a successful tobacco smuggler when he worked on the coaches, never got caught, and made a fortune. Which he hid. And we found when we knocked down the extension. Cavity wall was stuffed with about £90,000 of old £20 notes. Now we to work out how to exchange.
GJ Groothedde 🇪🇺@fesshole Good luck trying to stay out of jail. 😅
Mick Howarth@fesshole Better Call Saul.
You can call me Robin@fesshole Run for US President and call it self funded campaign. Easiest money laundering scheme
Luke@fesshole you can still exchange old notes at banks and post offices. Best bet is to sell £100 worth of notes for £70 to friends and family. They all then get them exchanged. Obviously you don’t get £90k but you get something.
Mans R@luke @fesshole You'll likely have to explain it, but it can probably be done to the satisfaction of whoever needs convincing. Possessing the cash was never illegal, and I doubt anyone would bother trying to investigate the source beyond "found in dead man's shed." Obviously, a lawyer should be consulted here.
Moray@fesshole Nothing illegal about having 90,000 in cash. Talk to a lawyer. Probaly worse that will happen is it might get taxed
AlexTECPlayz@Moray @fesshole Sure, there's nothing wrong with having £90,000 in cash per se, but the cash was obtained through illegal activities (smuggling tobacco), which may count as money laundering.
Assuming the grandfather is dead, then this money could count as inheritance/part of the estate, so the fesser (the heir) can't be held liable for the original illegal activities, but they might still be under scrutiny regarding the legitimacy of the funds. But yeah, the fesser should 100% talk to a lawyer about this, don't listen to my (possibly wrong or outdated) ramblings.
@fesshole lawyer up
penguin42@fesshole Hmm inheritance tax or capital gain?
Kenny Kravitz@fesshole I'm not a solicitor, but if you inherit the proper do you not also inherit the cash hidden in the walls?
I'd be tempted to go back to the solicitor who handled the estate in the first place and tell them you've found some cash (but not how much, if you can avoid it, and definitely don't mention how he acquired it).
You might lose some of it to CGT but that's probably worth it in order to make the remainder usable.
Mark T. Tomczak@fesshole I wish more people in the world (especially those in a comfortable middle-class lifestyle) were aware how many of their ancestors got there via crime.