VJad
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RE: Transferring personal money to UK
Hi, I am an UK citizen and a UK tax-payer.A couple of years ago I transferred some of UK savings for the medical treatment of my parents and now the remaining amount of that transfer i.e. around £ 50k I want to transfer back to the UK for my kids education. Tax has already been paid on the interest earned on that remaining amount in that country. I believe, as the amount I want to bring back originated from my UK savings on which tax was already paid, I can simply transfer that money to my UK bank account. Please confirm and or advise accordingly. Thanks.