Richard McMahon
Joined: 4/4/2023
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Sending money from myself to myself via a relatives UK Bank account
Hello, I have sold my company in South Africa and am emigrating to the UK. I am unable to open a formal UK bank account until I have a satisfactory proof of address. Can I send 50 000 pounds from my SA bank account to a relatives UK bank account and then once I have my own UK bank account transfer that money from their UK bank acc to my own without any tax implications?