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Posted Wed, 19 Apr 2023 18:03:46 GMT by
I have savings of about 30,000 CAD (or 18,000 GBP) while working as an international student in Canada between 2017-2020. I had this money before being a UK domicile and I already paid tax on it in Canada. I am now a funded PhD student in the UK (since 2021) and I want to move this money to my British bank account. 1) Would this income be taxable? 2) Would I have to declare it in a self-assessment when I do my taxes?
Posted Thu, 20 Apr 2023 10:25:36 GMT by
Just to clarify, I am not a UK domicile. I am a tax-paying resident now.
Posted Wed, 26 Apr 2023 14:07:05 GMT by HMRC Admin 5
Hi,

You wont pay tax on the capital that you transfer but once this income is then banked, any interest or dividends that are generated would need to be declared

Thank you.
Posted Tue, 02 May 2023 23:22:27 GMT by
Thanks for answering. Do I still have to declare it when I file my taxes?
Posted Wed, 10 May 2023 11:09:08 GMT by HMRC Admin 32
Hi,

Not the capital, just any interest.

Thank you.

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