Moving abroad and sending money back to UK

Hi, I will be potentially moving to Saudi in June next year for work. I’ll be paid in Saudi riyals into a Saudi bank. I wanted to ask if i transferred that money to a uk account so that i could use my Saudi income to pay for uk expenses such as mortgage, utilities etc. would I be taxed on that money that I transfer from Saudi to Uk? Also, in order to declare myself a non tax resident of the Uk when I move to Saudi, when is it advised to inform the HRMC? Is this to be done as soon as possible or wait til the month/week of moving?

Hi,

You would not be taxed on the actual money transfer but if this then generates any interest, this is taxable income. You will need to wait until you actually leave as your circumstances could change between now and June.

Thank you.

Thank you. When you say ‘if this generates any interest, this is taxable income’, does this mean all the income is taxable or just the interest?

Hi,

Just the interest.

Thank you.