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Foreign capital from a Non-UK resident

Posted Wed, 06 Dec 2023 13:51:26 GMT by
Hi HMRC, I have a friend who wants to invest around £50,000 into my business bank account. He is not a UK resident. Source of fund being his income and savings. Would any tax incurred in this case? Hollis
HMRC Admin 8 Response
Posted Tue, 12 Dec 2023 08:39:36 GMT by HMRC Admin 8 Response
Hi,
HMRC are not permited to provide accountancy/investment advice.
You will need to seek advice from an accountant or other tax professional.
Thank you.

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