Taxing savings when returning to UK?
#1
Just Joined
Thread Starter
Joined: Apr 2004
Posts: 17
Taxing savings when returning to UK?
Hello all
I was wondering whether people returning home to live in the UK from Oz would be taxed in the UK on any savings they bring back with them? I think the answer is no but would appreciate advice please.
Many thanks
Sparky 12
I was wondering whether people returning home to live in the UK from Oz would be taxed in the UK on any savings they bring back with them? I think the answer is no but would appreciate advice please.
Many thanks
Sparky 12
#2
BE Forum Addict
Joined: Mar 2009
Posts: 1,289
Re: Taxing savings when returning to UK?
No, you are not taxed in the UK on the savings you bring with you from Oz to UK.
No, you are not taxed in Australia on the savings you bring with you from the UK to Oz.
#3
Re: Taxing savings when returning to UK?
If it comes over when you do then fine, if you leave it in the UK waiting for the exchange rate to improve then there may be tax implications.
#4
Just Joined
Thread Starter
Joined: Apr 2004
Posts: 17
Re: Taxing savings when returning to UK?
thanks for your help on this - much appreciated