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Posted Wed, 29 Nov 2023 15:08:44 GMT by
Dear HMRC, I became a UK tax resident in Sept 2021. I have some savings in an offshore branch of a UK bank (Lloyds International, which is based in Isle of Man). The savings have been generating some income because I have done some fixed term deposits. I have been declaring the interests I earned in my self assessment. My question is, when I eventually bring these savings into UK (say, in 5 years time), will I incur further tax if I've been paying tax for all the income generated (from interests) every year? Many thanks, 
Posted Thu, 30 Nov 2023 15:45:46 GMT by HMRC Admin 25 Response
Hi akane56789 miura,
Please refer to guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. 

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