Transfering savings from abroad

[Jay7]

I have a question about transfering savings from abroad.

Me and my wife are Slovak nationals. We have been living and working in the UK for nearly 6 years - I suppose our tax domicile is in the UK then. I own a limited company registered in Slovakia (since 2007). It's an online company with no clients in the UK - the sole income is from Google Inc. (Adsense programme). All net earnings of the company have been paid to my current account in Slovakia and none of it has ever been transferred to the UK. The money has been taxes in Slovakia (19% flat income tax). We'd like to transfer around 50,000 euros.

We're in the process of purchasing a house in the UK for which we'll need to transfer our savings from Slovakia to the UK. The question is - will we have to pay any tax on it? I earn £40k pa in the UK, my wife is currently on a maternity leave (has been for 2 years now).

Would we have to pay any tax if we got some money as a gift from our parents who live in Slovakia?

Any advice will be very appreciated. Thank you.

[pawncob]

For tax purposes you are resident in the UK, and you are liable to pay UK tax on your worldwide income. You should have declared this income and paid tax on it when it arose.
You may be able to claim the remittance basis of assessment, but this would make the amount received in the UK taxable.