6 months of ready cash for immigration to UK?
Jul 6th 2017, 10:52 pm
#1
Just Joined
Thread Starter
Joined: Jul 2017
Posts: 20
6 months of ready cash for immigration to UK?
I am returning to the UK with my US wife. We wish to use the £62,500 in funds to satisfy the financial requirement but are a bit confused about the "held for 6 months" rule. Can I sell shares that I have held for many years and transfer the cash proceeds into a current account and it be acceptable immediately? Or must I then wait 6 months for the money to sit there until we apply?
Thank you,
Richard.
Thank you,
Richard.
Jul 6th 2017, 11:34 pm
#2
Lost in BE Cyberspace
Joined: May 2010
Location: San Diego, California
Posts: 9,660
Re: 6 months of ready cash for immigration to UK?
If you have held the shares under your control for 6 months or more, prior to your application, then, when you liquidate them, they will be immediately available for your application.
Jul 7th 2017, 2:58 pm
#3
Just Joined
Joined: Jul 2017
Location: Pa
Posts: 20
Re: 6 months of ready cash for immigration to UK?
Do you have to liquidate?
Jul 7th 2017, 5:22 pm
#5
Just Joined
Thread Starter
Joined: Jul 2017
Posts: 20
Re: 6 months of ready cash for immigration to UK?
Thank you for your reply.
Richard.
Richard.
Jul 7th 2017, 7:07 pm
#6
Lost in BE Cyberspace
Joined: May 2010
Location: San Diego, California
Posts: 9,660
Jul 10th 2017, 6:38 pm
#7
Just Joined
Thread Starter
Joined: Jul 2017
Posts: 20
Re: 6 months of ready cash for immigration to UK?
And I'm assuming that is the same for real estate - as long as I've owned it for 6 months prior to the sale and the proceeds are now in a bank account it'll be OK?
Richard.
Richard.
Jul 10th 2017, 6:41 pm
#8
Lost in BE Cyberspace
Joined: May 2010
Location: San Diego, California
Posts: 9,660
