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  • RE: Money transfer

    Hi HMRC, I was having some savings ($130K) in one of my Turkish bank accounts and I declared the same info during my application to the student visa in 2019. I have been residing in the UK since Sep 2019 and I spent the majority of the money during the university term and after my graduation (Sep2020), I was hired in the UK (Nov2020) and bought a flat in the UK with a mortgage (Apr2021). I transferred the remaining savings amount (£20K) to my UK bank account via SWIFT system in Feb 2022. Do I need to declare the £20K transfer to the HMRC and is there any tax obligation to me? Best regards Thanks,