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Posted Mon, 22 Jul 2024 20:37:19 GMT by Tim Lew
Hello, I'm planning on moving to Scotland for one year, and renting a place during my time there. To pay for necessities, I plan on bringing money with me. It's safe to assume that none of this money will be invested/used to buy property. I have a couple of questions with regards to this: - Is there a limit as to how much I'm able to bring with me/transfer to a bank? - Would any of this money be subject to taxation? Thank you.
Posted Thu, 25 Jul 2024 07:23:09 GMT by HMRC Admin 25 Response
Hi Tim,
Please refer to this helpsheet for guidance:
Remittance basis 2024 (HS264)
Thank you. 

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