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.