Skip to main content

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

Posted Tue, 04 Apr 2023 09:20:35 GMT by Richard McMahon
Hello, I have sold my company in South Africa and am emigrating to the UK. I am unable to open a formal UK bank account until I have a satisfactory proof of address. Can I send 50 000 pounds from my SA bank account to a relatives UK bank account and then once I have my own UK bank account transfer that money from their UK bank acc to my own without any tax implications?
Posted Thu, 13 Apr 2023 13:14:00 GMT by HMRC Admin 32
Hi,

For HMRC there are no tax implications on this but you may wish to check with the relevant bank for any other charges.

Thank you.

You must be signed in to post in this forum.