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Posted Tue, 03 Sep 2024 21:03:17 GMT by Carolferris
I have some savings that I will need to use for buying accommodation in UK and living expenses. If I deposit it in a bank account in UK do I have to pay taxes once I get to the UK? If not, is there a limit on the time I am in the UK before I must deposit it before any taxes are required?
Posted Thu, 12 Sep 2024 09:09:43 GMT by HMRC Admin 32 Response
Hi,
You wont pay tax on the capital but any interest that this then generates is taxable income.
Thank you.

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