Money Transfer from Hong Kong to England

Hello, Before I moved to England, I have already sold my house in Hong Kong. -- Question 1 -- Now, I have been in England about 5 months, I would like to double check if I need to pay for any tax for the money I transfer from my personal bank account in Hong Kong to my personal bank account in England? (the money is for buying a house in England) -- Question 2 -- In the near future, after 183 days living in England (will become an English tax resident), I'll transfer some more money from my personal bank account in Hong Kong to my personal bank account in England, do I need to pay for any tax in this situation? Please advise

Hi,

If you bring the money from the sale of the property to the UK, then you may need to pay Capital Gains Tax on the sale of the property.

You would need to convert the purchase price and buying costs, using the official exchange rate at the time of purchase and do the same with the selling costs and disposal value. You can see guidance on tax when you sell your home here:  

Capital Gains Tax

You may be entitled to private residence relief for the period that the property was your main home.

Thank you.

Hello, That was the only home I had for all the time I’ve owned it and it was my main home. Thank you