Skip to main content

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

Posted Wed, 14 Aug 2024 10:30:50 GMT by Adam Kurth
Hi, Looking for some guidance on declaring overseas funds. I have an investment account invested in mutual funds (non-qualifying account) based in Luxembourg, and I intend to withdraw the funds to a UK bank account. Do I need to declare these funds as overseas income? There are no gains to report under local taxation rules however I am unsure of the implications of depositing it in a UK account. I am working offshore but I will return to the UK and be a UK resident. Any help would be appreciated. Thanks Adam
Posted Wed, 28 Aug 2024 09:20:10 GMT by HMRC Admin 8 Response
Hi,
Please have a look at the guidance on offshore funds at:
HS265 Offshore funds
Thank you.

You must be signed in to post in this forum.