Skip to main content

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

Moving savings from USA to UK

Posted Wed, 12 Jul 2023 14:46:06 GMT by
I live and work in the USA. I would like to transfer 50k GBP back to England from my USA savings account to my UK savings account. This money was earned in the USA and I have paid tax on it in the USA. I do have a house in the UK which I have access too year round, but I only spend 28 days there a year. I do not work or have employment in the UK. Will I be taxed on my transfer from USA savings to UK savings?
HMRC Admin 19 Response
Posted Mon, 17 Jul 2023 15:14:59 GMT by HMRC Admin 19 Response
Hi,

No, there is no tax liability for transferring savings into the UK.

Thank you.

 

You must be signed in to post in this forum.