James Ward
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Tax Implications of Repatriating Funds from Saudi Arabia
Hello everyone, I was employed in Saudi Arabia for the past two years and have recently returned to the UK following the completion of my project. I am a landlord of two properties and have already filed a tax return for the previous year. I currently have over £65,000 in savings that I would like to transfer to a UK account. My intention is to use these funds to either purchase a property or relocate from my parents' home. Given my current unemployment status, I am uncertain whether I will be subject to UK income tax upon transferring the funds. Any light shed on the subject would be gratefully received.