Farha786 siddique
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RE: Transferring personal money to UK
Good afternoon I am in the process of selling land in Pakistan. How can I bring all the money back in the UK estimated amount around 140k. If I bring it via remitaley would I have to pay tax. Would I have to inform the HMRC about selling the land. Can I gift the money to my children around 50k each, would I still be taxed even if I gift to my children. Can you please advise me. Thank you. -
RE: Inheritance on gift from abroad
Dear Madam/Sir I have a land which I would like to sell in Pakistan, which was gifted to me by my parents a few years ago. I wanted to know if I sell the land: How can I bring all the money back ? Can I transfer the money from my Pakistani account to my UK bank account And will I be charged for doing this. Would I have to pay any tax on the money bought back from Pakistan. I am a UK citizen and resident. I do not work but I am married with four children and I am a home maker. My husband is self employed. Do we require any documents for this whole process. And will I have to inform HMRC about this land which I will be selling in Pakistan. My mother a UK resident has currently passed away but my father is still alive and lives in the UK. Thank you.