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Posted Tue, 18 Jun 2024 11:07:59 GMT by ka hei nip
Hello Now my foreign Bank Account (let name it D) is solely composed of my unremitted foreign property profit. If I withdraw all my money from Bank Account D and make the closing balance zero, and then I transfer my clean capital from other bank account to the bank Account D Question: Now for my Account D, Is it a Clean Capital Account or Say it other way, Will I be taxed on the money if i transfer to UK? Thanks
Posted Mon, 24 Jun 2024 08:03:34 GMT by HMRC Admin 21 Response
Hi ka hei nip,
Please refe to guidance at Paying tax on the remittance basis (Self Assessment helpsheet HS264).
Thank you.

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