Skip to main content

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

Transferring savings from Germany to buy property in UK

Bear5 Jones
Posted Sun, 08 Jan 2023 12:15:22 GMT by Bear5 Jones
What are the tax implications for transferring savings from an account in Germany to UK for the purpose of buying a property to live in the UK. Does the money need to be declared in anyway. I am German national working in UK and have settled status.
HMRC Admin 32
Posted Thu, 12 Jan 2023 14:45:04 GMT by HMRC Admin 32
Hi,

You do not need to declare the transfer of the capital. However, if this then generates any interest or dividends whilst waiting for the sale to proceed, you need to declare that.

Thank you.

You must be signed in to post in this forum.