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Overseas Savings.

Posted Sun, 29 Oct 2023 12:08:08 GMT by
My grandmother and I moved to the UK last year from India. We have considerable savings in India and now that we are more settled wanted to bring the savings to UK so that we can purchase a house. Would we be taxed on that money in the UK since those savings are from before we moved to the U.K. and we already have paid tax in India for the savings.
HMRC Admin 17 Response
Posted Tue, 31 Oct 2023 15:39:15 GMT by HMRC Admin 17 Response

Hi,
 
Yes.

Please see guidance at :

Residence, Domicile and Remittance Basis Manual  .


Thank you.

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