Skip to main content

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

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.
Posted Thu, 12 Jan 2023 14:45:04 GMT by HMRC Admin 32

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.