vshambira
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RE: Transferring personal money to UK
I own a house in Zimbabwe which I built from employment income earned and taxed in Zimbabwe while I lived in Zimbabwe before 2004. The house does not earn income. Since 2004 I have lived and worked in the UK initially on a Highly Skilled Migrant Visa and became a British citizen in 2024. I am considering to sell the house in Zimbabwe and to transfer the proceeds to my UK bank account after paying capital gains tax in Zimbabwe. I would like to use the proceeds to buy a house in the UK. What UK taxes would be payable on the proceeds that I transfer from Zimbabwe to the UK.