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Posted Fri, 03 Jan 2025 14:36:26 GMT by Vishal
Hi HMRC, I have a query regarding bringing savings from overseas to UK. I moved to the UK from Singapore where I had some investments financed by my job in Singapore. I am thinking of bringing the savings generated from liquidating the investments back to the UK. All the money involved is generated ONLY from my job in Singapore and does not relate to my income in UK or after I moved to the UK. I have read through the other forum questions and answers and I understand that I will have tax implications from the capital gains generated from the amount after it is in UK but will I have any tax implications from bringing the saving to the UK?
Posted Tue, 14 Jan 2025 14:09:16 GMT by HMRC Admin 17 Response

Hi ,
 
From your comments about liquidating your investments, this sugeests selling.

As this is done whilst you are UK resident and bringing the money to the UK, this needs to be reported as capital gains here .

Thank you .
Posted Tue, 14 Jan 2025 15:26:11 GMT by Vishal
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