Hello,
- Six months ago I moved to UK where I work with a full-time permanent contract, so my new fiscal residence is in UK.
- all my euro financial assets are remained in a overseas bank account in my country of domicile (Bank A)
- I recently opened a bank account in UK (Bank B) with a multicurrency account where I have both a sterling account (iban starting with GB for my local income) and a second euro account with an iban starting with IT (Italy) where I was planning to move my financial assets from bank A.
- the bank B is domiciled in italy, however this type of account is reserved only for UK resident
if I move my euro financial assests to bank B, will this transfer be considered
1. a remittance in UK and so my assets are not anymore overseas
or
2. my assets are still overseas because the Iban is with IT?
I thought the answer was 1 but the fact that the iban of bank B begins with 'IT' made me some doubts.
In case the answer is 2, I suppose the bank B should also provide the CRS to italian taxman
Please let me know what you think I don't know whether the euro bank account of bank B must still be considered oversear or not
thanks!
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