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Posted Sun, 24 Mar 2024 22:52:27 GMT by S Fawcett
I have a long-held stock plan account in the United States (part of my remuneration package from a former employer) made up of stock and cash reserves, the latter comprising dividends accumulated from the stock. I pay tax in the US on the dividends, which I also declare on my yearly UK tax return I just wish to confirm that I can transfer funds from the cash reserves in the US stock account to my British bank account without being liable for paying tax in the UK on the transferred amount? Or if there is any yearly tax-free limit to the amount that could be transfered, please could you advise me? Thank you.
Posted Wed, 27 Mar 2024 10:19:09 GMT by HMRC Admin 25 Response
Hi S Fawcett,
If you have already paid UK tax on the dividends, then there is no further tax to pay when transferring the capital to the UK.
Thank you. 

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