Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 16 Dec 2024 14:57:46 GMT by cck1638
I am HK BNO visa holder. I landed England around mid-June 2022. I have kept USD savings account and Fixed term deposit outside HK and UK since September 2020. Now, I need to remit these money to support my living in UK, will there be any taxes imposed on the money moving from overseas to UK.
Posted Wed, 18 Dec 2024 11:39:59 GMT by HMRC Admin 19 Response
Hi,
There are no Income Tax implications for transferring savings to a UK bank account unless they generate interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.

 
Posted Sat, 21 Dec 2024 15:31:24 GMT by YWY
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.

You must be signed in to post in this forum.