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I understand. I worked out the numbers and these are the facts:
(a) I invested 20,000 euros in November 2020 (loan on a crowdfunding platform), which equated to £18,012 at that time, into a 2-year plan
(b) I moved to the UK in April 2021
(c) The funds vested have been returned this month (November 2022), plus some interests, for a net total of 23,018 euros, thus £20,076
As the funds are still in a segregated account managed by the lending platform, do I need to pay any tax on it?
I'm in the following situation.
Let say I invested £10,000 in 2020, locked for 2 years (via a crowdfunding platform)
I relocated to the UK in 2021.
The funds are released in 2022, and made a £2,500 worth of profit
(a) Do I need to pay an income tax if I don't bring the funds back to the UK?
(b) Do I need to pay an income tax if I want to transfer the whole amount, £12,500, back to the UK?