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Posted Sun, 28 Jul 2024 12:45:49 GMT by ssyngal07
I moved to the UK from India in 2022 and am on a Skilled Worker Visa. I had some money in India from the following sources: - Income earned in India before I moved to the UK ( tax already paid in India ) - gifts received in India by parents and relatives prior to me moving to the UK. I am thinking of moving those funds to the UK. I was wondering the following: 1) Do I need to mention this money in my Self Assessment form? 2) Do I need to pay any tax on this money in the UK post transfer 3) Is there any limit on money being transferred tax free ? Any help here would be beneficial!
Posted Thu, 01 Aug 2024 12:44:58 GMT by HMRC Admin 20 Response
Hi,
1) No - It was earned while not resident in the UK
2) No - It was earned while not resident in the UK
3) There is no limit to bank transfers, but there iswhen it comes to cash.  
Have a look at Take cash in and out of the UK.
Thank you.

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