Emma Alexander
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Gifting foreign savings (from prior to my UK residency) to my spouse who is a UK national
Hello. I would like to gift some foreign savings to my spouse who is buying a flat in the UK under her name. She is a UK national and I have a partner visa residency since March 2023. I currently still earn my income abroad but I have life savings from before March 2023 (when I got granted UK residency) and am able to prove this from savings accounts that I have. Can I gift these savings to my spouse in the UK or will they still be subject to remittance tax just as my current foreign income is?