wkat831
Joined: 3/17/2023
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Tax on money transferred from overseas
Hi I left the UK in 2008 to help to look after my elderly parents in Japan. For your information, I was a tax paying resident in the UK prior to that time and during the last 15 years, I spent up to 4 months in the UK for any tax year. The matter in Japan has now settled, and I’m returning to the UK for good this summer. I have a saving of roughly £100,000 including inheritance and I would like to transfer the money to my UK bank account, What is a tax implication regarding this transfer? Do I need to pay any tax on it? I would be most grateful for any advice. Many thanks