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Posted Thu, 11 Jul 2024 15:49:11 GMT by tomcho538
Now I am living in UK and I am likely to be a UK tax resident for 2024-2025 tax year. Suppose my foreign credit card is paid by my foreign saving (not paid by the income from 2024-2025 tax year) If I use the foreign Credit card to pay for the UK goods and services, will this situation be liable to pay any taxes? Thank you very much.
Posted Tue, 16 Jul 2024 15:22:02 GMT by HMRC Admin 10 Response
Hi
If your foreign credit card is paid for, using your foreign savings, then provided those savings did not arise while resident in the UK, then they are not taxable.

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