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Posted Sat, 06 Jan 2024 03:13:00 GMT by Marina405
I am a British citizen who has lived and worked in full time employment in UAE for approximately 3 years. At the time I left UK I sold my house (primary residence) and moved the proceeds to an offshore savings account. I am moving back to UK where I will become become a resident again. Are there any tax implications for moving my savings which were previously transferred out of the UK back into the country?
Posted Thu, 11 Jan 2024 15:56:14 GMT by HMRC Admin 20 Response
Hi Marina405,
You will not pay tax on the transfer of the capital but any interest or dividends that this then generates is taxable income.
Thank you.

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