Sending money from abroad to UK account

Hi tmcrs123,
It will be either.
If you are claiming the remittance basis and you use the interest then you need to report it here -
please see guidance at Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.
 

I’m a UK resident. My father intend to send £75,000 from my his bank account to my UK bank account to buy a house in the UK. Do I pay tax on that amount? And how it works? He just send the money directly to the bank if is there a kind of forms to use?

Hi,
There are no tax implications on the receipt of a cash gift unless they generate interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you

Hi Rakshi,
No, you do not need to declare it.
Thank you.
 

Hello , I am UK resident from last 20 years , in last financial year 23-24, i transferred £12K to India( for family in India) from my salary account , this money transferred was from my salary account for which i have already paid tax. I got letter from HMRC informing same and asking to check if money transferred is already taxed or not, and do self assessment. I am not sure its a genuine letter from HMRC. in case it do we need to inform HMRC after certain amount of money transferred ? pl advice.. Kind Regards Dinesh

Hi,
We cannot access your personal records on the forum. Please contact the Self Assessment team for assistance.
Self Assessment: general enquiries
Thank you

I am a British Citizen living in the UK. I have an OCI Overseas Citizenship India. I own some agricultural land in India which I am selling. Can I transfer the funds from the sale from my Indian bank account to my UK bank account. Are there any tax implications on the money being deposited into my UK account.

Hi,
You will need to report the sale for capital gains purposes in the UK. You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

Hi, My partner (soon to be wife) is a non UK citizen, we are considering relocating back to the UK. We would be looking to transfer to the UK a substantial amount of money to buy both our own home and possibly an investment property and invest in stocks. The money will come predominately from cashing out our Crypto currency portfolio (it is in her name/account) and possibly selling our home (also in her name) in her home country. We will have to pay taxes on the crypto portfolio in her home country but I can't find the information if we would need to also declare this/ pay taxes on this in the UK as well if she is sending the money to my account in the UK. Many thanks

Hi,
If sold prior to relocating to the UK, it doesnt need to be declared here.
Thankyou.

Hello, I am not UK citizen yet. In first tax year, I only living in UK 125 days. At this period, I sold my house in my country of birth, and transferred the money to UK account and keep it until next tax year. Referring to my living days, I am not the tax resident in first tax year. And I am tax resident in next tax year. Am I right? If not, please correct me. If I am only the tax resident of next tax year. What are the tax implications on this money? Will I have to pay taxes on this money? Thank you.

Hi,
Your residence status is for you to determine.
Please refer to:
RDR3 Statutory Residence Test and Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.

Hi. I am living in the UK since 2017 and got ILR in 2024. Before I get ILR, I was sending some money to my parents (as I do not want to hold all my savings in the UK as I live alone here) and supported my sister Tuition fees, it is a total of about £30K. Now I am start considering to buy a property in the UK, and my family will transfer the money back to me. In this regard, do I have to pay tax again (as it has been taxed when I got my salary). As I have to use third party money transfer for different currencies, how can I prove I am receiving my own money? Appreciate for the advice here.

Hi,
You do not on the actual capital, but you should have been declaring any interest generated.
Thank you.

Hi, could you please clarify the following situation. I am a UK resident who works for a UAE company and receives my salary into a UAE bank account, under article 14 of the double taxation avoidance agreement between the UAE and the UK, do I have to pay additional taxes in the UK ? Do I have to declare this salary in my annual tax return and in what form ?

Hi ,
 

As a UK resident, you are taxable on your world-wide income.  This means you should declare the foreign employment income in your self assessment tax return.  You should contact the national insurance enquiries helpline on 0300 200 3500, as you will have national insurance contributions to pay. Thank you .

Hello I would like to know if a UK resident will pay any tax on monies received from a Jersey bank account that is gifted on death of the Jersey resident and if there is a threshold as to how much is allowed before any money is taxed?

Hello I am a Swiss resident, my daughter is living in the UK and I will make her a donation (>50 Meuros) to help her invest in her first property in UK. I understand she would not have to pay taxes at receipt of the amount but is there any specification declaration she would need to do ?

Hi Joanna Barnes,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.

Hi, I’m on skilled worker visa on the UK. I previously sent money from UK to my family in Pakistan via international wire transfer and also gave them my savings held in a Pakistani bank. They now want to return the total amount—around £10,000—to my UK bank account. I’ve checked with my bank, and they’re fine with it. My questions are: (1) Is there any issue receiving this amount? (2) Will I need to provide documentation to show the source of funds? If so, what kind? (3) Will I owe tax on it, considering it’s my own savings, some of which were held previoulsy in Pakistan?