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Posted Mon, 25 Dec 2023 11:50:20 GMT by
I have been holding a stock account in the US with 20000 usd clean captial since 2019, and became UK tax resident in 2022, do I have to submit self assessmet tax return to HMRC if I would like to transfer the money into the UK under the below situation. 1) Have had multiple trades through 2019-2023 2) Some trades with profit and some with loss, overall net gain = 0 Thanks
Posted Mon, 08 Jan 2024 11:47:45 GMT by HMRC Admin 5 Response
Hi

As the money is clean capital, there are no tax implications from the transfer to the UK.

Thank you
Posted Sun, 11 Feb 2024 16:15:48 GMT by
Thanks for the reply. Cheers

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