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Posted Thu, 04 Jan 2024 11:05:24 GMT by
Hello, I am currently resident in France after relocating last year for work. My employer is French, and I pay tax on my income from my employment in France. I am saving a small amount of this income, and want to know whether I will be taxed again on these savings when I return to the UK (and transfer them to a UK bank account), or whether the dual tax agreement with France means that I won't pay tax twice. Thanks for your help.
Posted Wed, 10 Jan 2024 18:17:34 GMT by HMRC Admin 25
Hi Josephine M,
You will not be taxed on the transfer of the capital but any interest or dividends that it then generates is taxable income.
Thank you. 

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