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Posted Thu, 08 Feb 2024 09:11:00 GMT by
I am UK citizen living overseas for the past 2 years prior to that I was a resident in the UK for over 5 years. My parents are UK citizens and both live overseas, I was born outside the UK. If I have a bank account overseas today with funds inside it under my name and I would like to pay past debts that are based in the UK do I have to pay tax on funds I am transferring to the UK through my UK bank account? As in Overseas Bank Account under my name --> My UK Bank Account --> UK Bank Account whom I owe debt I want to transfer some funds from my overseas bank account to my UK bank account and from there pay debts to UK bank accounts. For instance I have an overdue rent that I didn't pay for 2 years. I know if I transfer directly from overseas to lets say the account of my previous landlord in order to pay the overdue rent I am not liable for any tax as the landlord pays tax himself but if I put my UK bank account in the middle would that change anything and make me liable for tax?
Posted Tue, 13 Feb 2024 13:52:52 GMT by HMRC Admin 32 Response
Hi,

As you are no longer UK resident, no.

Thank you.

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