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Overseas savings

Posted Mon, 04 Dec 2023 06:46:52 GMT by
Hello In 2018 my ex-husband and I sold our main home and my share of the money received from that was approximately £50,0000. This money has been sitting in a bank account in Australia ever since. I have not owned a house since. I would now like to bring the money into the UK to buy a house there. Will I be taxed on this when I bring it into the UK? Thanks 

Name removed admin . 
HMRC Admin 5 Response
Posted Wed, 06 Dec 2023 14:47:47 GMT by HMRC Admin 5 Response
Hi

With regard to your question please take a look at Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you

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