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Transferring Funds from Isle of Man to UK Bank Account and the Remittance Basis

C CYK
Posted Mon, 07 Aug 2023 12:04:33 GMT by C CYK
I have placed my savings in an Isle of Man bank account. If I decide to transfer these funds to a UK bank account, would it be necessary for me to make a claim under the remittance basis? I would greatly value your advice regarding this situation.
HMRC Admin 10 Response
Posted Thu, 10 Aug 2023 13:39:21 GMT by HMRC Admin 10 Response
Hi
Yes you would .

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