HMRC Admin 10 Response

Hi Neil,

Please see guidance here on UK residency rules:

RDR3 Statutory Residence Test

Thankyou.

Regards.

Hi Pablo

You would not need to declare or pay any money on the transfer of the account or any capital in the account.

However as a UK resident any foreign interest received needs to be declared to the UK, although if only £10 it may not be taxable due to the savings allowance:

Tax on savings interest

and

Tax on foreign income

Thankyou.

Regards.

Hi Chun Fung Lau The transfer for the money may not be taxed but if this was sold while you were UK resident then you would need to check if any Capital Gains tax is due on the sale. Further guidance can be found here : Capital Gains Tax Thankyou. Regards.