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Posted Wed, 29 May 2024 08:53:26 GMT by Shah
Hi, I am a doctor and currently residing in Kuwait. I got a job in NHS and will start working from October 2024 which will be my first job in UK. I have some funds in Kuwait and Pakistan which i want to transfer to UK. Could you please guide about the tax implications on theses funds? and if it is exempt, is there any time period during which i need to bring money to UK? , Is there any limit for exemption? and finally, Any sort of documents needed to be kept as supporting docs? I would appreciate if the relevant provisions links can be shared too.
Posted Mon, 03 Jun 2024 15:46:21 GMT by HMRC Admin 10 Response
Hi
There is no tax implication on the transfer of the capital. You will need to speak to your bank to see what evidence they require.

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