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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

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.

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