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Oversea funds transfer

Answer
workhardplayhard
Posted Wed, 17 Apr 2024 14:51:04 GMT by workhardplayhard
Hi there. I have recently transferred some funds from oversea to a broker account in UK (in new tax year 2024/25), and then try to fund into an ISA account. However, I found out there were some mistakes I made and now I wish to revert all transfers, by taken out the funds from ISA account and transfer them back to my oversea account (which means the funds no longer in UK anymore). Do these funds need to report on tax return in the coming tax year(2024/25)? Thank you.
HMRC Admin 8 Response
Posted Tue, 23 Apr 2024 13:39:36 GMT by HMRC Admin 8 Response
Hi,
The answer to your question is No.
Thank you.

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