RichS

Other stuff that might be of interest - and worth looking at if you don't ship the money over stright off.

You are liable for tax on any interest you may get from leaving the house sale cash in the UK at your marginal rate.

If you leave the money in the UK waiting for a better FX rate you are liable for tax on that difference at your marginal rate.

The up side of this is that you can get a tax rebate if the FX rate goes against you.

Also - if you are a couple and your spouse earns less than you, see an accountant about the benefit of the money being in her name and hence of a lower marginal rate.

JAJ

As far as I know gains and losses on foreign currencies come within the capital gains tax regime, not income tax.



Jeremy