For those who have already sold up and moved back
Nov 4th 2009, 10:26 am
#1
The Kwisatz Haderach
Thread Starter
Joined: Aug 2008
Location: North Wales
Posts: 8,080
For those who have already sold up and moved back
When you transferred your equity from your home sale abroad, did the UK tax man take some of it when you transferred it to the UK bank?
Anyone have link suggestions so I can find out?
Anyone have link suggestions so I can find out?
Nov 4th 2009, 10:53 am
#2
BE Forum Addict
Joined: Mar 2009
Posts: 1,289
Re: For those who have already sold up and moved back
No, the UK taxman will not take a slice off the money you transfer from wherever back to the UK when you move from overseas back to the UK (assuming you have been out of the UK for a few years and not just a few months)..
Once the money is in your UK bank account and you earn UK intererst, you have to pay tax on the UK bank interest.
Once the money is in your UK bank account and you earn UK intererst, you have to pay tax on the UK bank interest.
Nov 5th 2009, 2:33 am
#3
The Kwisatz Haderach
Thread Starter
Joined: Aug 2008
Location: North Wales
Posts: 8,080
Re: For those who have already sold up and moved back
Thats good to know. Thanks.
Now I have to figure out what is needed to transfer money ie, What info on my UK account besides the account number and how the heck all that works (Hopefully the cheapest/ safest way to transfer.)
Now I have to figure out what is needed to transfer money ie, What info on my UK account besides the account number and how the heck all that works (Hopefully the cheapest/ safest way to transfer.)
Nov 5th 2009, 2:36 am
#4
Homebody
Joined: Jan 2005
Location: HOME
Posts: 23,182
Re: For those who have already sold up and moved back
( you need to check out the US tax situation as well though.....)
Nov 5th 2009, 4:07 am
#5
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,025
Re: For those who have already sold up and moved back
Bank sort code and bank SWIFT number or IBAN number (needed for international payments), AFAIK.
Nov 5th 2009, 8:20 am
#7
BE Enthusiast
Joined: Mar 2009
Location: Torbay, North Shore
Posts: 744
Re: For those who have already sold up and moved back
or HIFX they are brilliant
Nov 5th 2009, 8:22 am
#8
The Kwisatz Haderach
Thread Starter
Joined: Aug 2008
Location: North Wales
Posts: 8,080
Re: For those who have already sold up and moved back
I'm not ready to sell up and transfer it all right this minute, Dh was asking more questions and I pass all the info on to him. He's a worry wart, married to a worrier. Probably not a good combo
We won't sell till closer to our hopeful 2012 move.
Nov 5th 2009, 12:41 pm
#10
The Kwisatz Haderach
Thread Starter
Joined: Aug 2008
Location: North Wales
Posts: 8,080
Re: For those who have already sold up and moved back
That makes two to check out, thank you.
