johneastriggs

Hi there we are New Zealand citizens but also have UK passports as we were born in the UK. We moved to NZ from the UK in 2011.We have now sold our home in NZ and are moving back to the UK. Can we just transfer all our money back to UK or are there tax implications. Thanks in advance

durham_lad

The simple answer is that there no tax implications in moving your money from NZ to the UK but I suppose it will depend on what exactly the money is. If it is tax deferred money sitting in a retirement account there will be tax implications. If it is invested in stocks and bonds there may well be tax implications because they would probably have to be sold first before moving the proceeds.

johneastriggs

Hi Durham Lad,Thanks for the information. It's just savings and property sale from last year in NZ and not making any interest as just sitting in my bank account

durham_lad

You'll have no problems then. Our daughter just moved loads of money from the USA this month following the sale of her house in LA last November to buy a house here in England.

Welcome back.

johneastriggs

Nice one and thanks good to know.Must be good to have daughter home

Moon_River

We moved from NZ to UK in 2016. We had the proceeds of our house sale in NZ and whatever was in our NZ bank account. Moved it from NZ to UK using a currency broker with no issues and no tax payable.

johneastriggs

Hi there, this is great thank you for the information. Much appreciated