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Posted Wed, 10 Jul 2024 19:56:08 GMT by u954243
I have become an UK tax residence in 2024 first time. If I transfer my savings from my home county earned in 2023 and earlier are those subject to tax?
Posted Tue, 16 Jul 2024 14:51:21 GMT by HMRC Admin 10 Response
Hi
As long as your savings ocurred out of income arising in tax years you were not resident in the UK, then savings would not be taxable.  Any interest the savings accrue will be tax able and should be declared.

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