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Posted Mon, 01 Jul 2024 22:55:23 GMT by Emma Alexander
Hello. I would like to gift some foreign savings to my spouse who is buying a flat in the UK under her name. She is a UK national and I have a partner visa residency since March 2023. I currently still earn my income abroad but I have life savings from before March 2023 (when I got granted UK residency) and am able to prove this from savings accounts that I have. Can I gift these savings to my spouse in the UK or will they still be subject to remittance tax just as my current foreign income is?
Posted Thu, 04 Jul 2024 09:47:50 GMT by HMRC Admin 20 Response
Hi,
Commonly foreign income and gains are ‘remitted to the UK’ if they (or something deriving from them) are:
brought to, or received in, or used in the UK by you or another relevant person
brought to, or received in, or used in the UK for your benefit or that of another relevant person
used to pay for a service provided in the UK to you or another relevant person
used to pay for a service provided in the UK for your benefit or that of another relevant person
used outside of the UK for a relevant debt in the UK.
Thank you.

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