Skip to main content

This is a new service – your feedback will help us to improve it.

  • RE: Transferring personal money to UK

    Dear HMRC Admin, I am writing to seek clarification regarding the tax implications and the process involved in selling properties that I own outside the UK, specifically in Iraq, which I acquired before becoming a UK resident and citizen. I plan to sell these properties and bring the proceeds to the UK to purchase a house. Could you please provide information on the following: 1. Am I subject to any UK taxes on the sale of these properties in Iraq? If so, what is the applicable tax rate? 2.What is the proper procedure for bringing the proceeds from Iraq to the UK? Is it preferable to bring the funds via cash or bank transfer, and are there any specific guidelines or limits I should be aware of? I appreciate your assistance in this matter and look forward to your guidance on the steps I need to take to ensure compliance with UK tax regulations. Thank you for your time and support.