Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 04 May 2022 14:14:53 GMT by stephl
Hi there, I have two questions: 1) if I take money I earned in the UK and transfer it overseas, are there tax implications? I am assuming the answer is no, since I have already paid tax on income via PAYE; and 2) if I then take the same money and buy stocks and shares overseas while working in the UK, what are the tax ramifications? I am assuming that there are none if foreign and domestic dividends are less than 2,000 pounds, since that is the dividends allowance. Thanks!
Posted Tue, 10 May 2022 08:47:02 GMT by HMRC Admin 10
We cannot comment on tax implications with sending money to another country.
You would have to check with the country you are sending the money to.
Please see guidance regarding stock and shares :
Tax when you buy shares  

You must be signed in to post in this forum.