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  • RE: Money transfer

    Dear Sir/Madam, I moved to the UK in September 2020. I am here with a Tier 2 Visa(will end in November 2023, but my company will extend it for 3 more years). I am a full time employee here since moving here. I am planning to buy a house here, but I need to bring my money from Turkey(around £50000). Some of this money is my savings, some part is my share from a land that my family sold some time ago(tax paid in Turkey). I am planning to transfer this money to my UK bank account via Swift. I am wondering if I need to pay any income tax because of this transaction? Could you please share your thoughts on this? Best regards, Guner