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Capital Moved to UK and then Sent Back

deltamanage
Posted Wed, 19 Apr 2023 15:24:16 GMT by deltamanage
I moved to UK in Dec'20. In 2022, we decided to buy house in UK, so remitted capital into UK for down-payment. Now we decided to not buy the house and remitted the monies back, is there any implication to this. I remitted the capital from India and then moved the money to UAE.
HMRC Admin 5
Posted Wed, 26 Apr 2023 13:14:25 GMT by HMRC Admin 5
Hi,

If claiming the remittance basis, please see

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you.

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