Fiona Docherty
-
Moving from Australia to UK - sale of main property and savings
Hi - we are moving back permanently to the UK after 12 years in Australia. We have sold our main residence whilst still in Australia (August 2024) and want to transfer the proceeds along with savings to the UK (in September 2024). Am I correct in understanding that there are no tax implications on the transfer of these funds. But that we will need to pay tax on any interest from our savings once we are resident in the UK? Grateful for your advice. Fiona