fncs
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Remitting offshore funds to UK in a split year
Hi all, I have been a non-domiciled UK tax resident for the past four years. During that period, I have accumulated some foreign income, which I have left outside the UK. For the 2024/2025 tax year, I will have a Split Year Case 1, as I am leaving the UK and will start working overseas full-time on 1st July 2024. After I leave the UK and my “non-UK” part of the split tax year starts, can I remit money from my offshore account to the UK without incurring taxes? I know that if I do this in my UK part of the split tax year, I will have to pay taxes. Many thanks for your help