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Posted Mon, 04 Nov 2024 11:20:15 GMT by J Chan
I have immigrated to the United Kingdom (UK) since 2019 and is now under settled status of the EU settlement scheme. I know I will also become domicile status after 6 April 2025 (after a change of non-domicile tax regime): 1. My spouse has been working in Hong Kong (HK) and sends me money on a monthly basis for my and my child's living expenses in the UK. His income is taxed in HK. Will the money (assuming no savings interest incurred) that I receive from my spouse to support my living expenses in the UK be subject to UK tax after 6 April 2025? 2. I intend to sell my property in HK and move the money from such property sale to the UK to support my living expenses here. Is it true that I have to pay capital gain tax on such sale proceeds (as I have another flat in the UK) and any exemption (e.g. private residence relief) that I can obtain? Apart from the capital gain tax, any other tax that I have to pay for the transfer of such sale proceeds to the UK before and after April 2025? Your advice please.
Posted Fri, 08 Nov 2024 11:59:48 GMT by HMRC Admin 21 Response
Hi,
Here is our response to your questions:
1. No  
2. Please refer to: Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.

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