Erin Wiegand
Joined: 11/12/2024
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Transferring large amount of money from USA to UK
I'm a US citizen, resident in the UK. In 2022 I sold my house in the US, and I reported the capital gains on both my US and UK tax returns. I have also reported interest income on my US and UK returns since then. Am I correct in thinking that I can now bring this money (currently in a savings account) into the UK without being taxed again? I will want to transfer about $300,000. Thanks!