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Forum: Moving back or to the UK

Apr 11th 2016, 4:35 pm

Replies: 16

Tax liability on Transferring Money to UK

Views: 9,686

Posted By Pulaski

Re: Tax liability on Transferring Money to UK

So s269 says it's not chargeable, but I believe the section you highlighted relates to people paid in foreign currency, for example a contractor who bills in USD while living in the UK. I don't...

Forum: Moving back or to the UK

Apr 11th 2016, 2:50 pm

Replies: 16

Tax liability on Transferring Money to UK

Views: 9,686

Posted By Pulaski

Re: Tax liability on Transferring Money to UK

I don't believe that to be the case for a "one way" exchange. If he had exchanged GBP for foreign currency, they changed it back, the question might be different, but it would depend on a numbers of...

Forum: Moving back or to the UK

Apr 11th 2016, 4:06 am

Replies: 16

Tax liability on Transferring Money to UK

Views: 9,686

Posted By Pulaski

Re: Tax liability on Transferring Money to UK

The taxman won't ask, it just isn't taxable, however you touch on a good point, it is possible that your bank might wonder where you came by the money, and they are unlikely to ask you. ..... There...

Forum: Moving back or to the UK

Apr 11th 2016, 3:28 am

Replies: 16

Tax liability on Transferring Money to UK

Views: 9,686

Posted By Pulaski

Re: Tax liability on Transferring Money to UK

What she said. :nod: Transferring money to yourself is not a taxable event.

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