riazali2050 Ali
Joined: 4/21/2024
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RE: Tax on moving money from sale of home overseas to the UK
HMRC Admin I have land in Pakistan and I want to sold that to pay off my mortgage in the UK for my only residence. There are 4 land plots and roughly around £300k sale proceeds of 4 plots in Pakistan. I want to pay off my mortgage. I am 65 years old resident since 1994 and British citizen and tax payer in the UK. Do I need to pay any tax on this money from Pakistan in the UK? All taxes paid in Pakistan The land plots I hold did not generate any income.