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Where Taxpayers and Advisers Meet

Remitting savings into UK

Joined:Wed Feb 09, 2022 1:25 am
Remitting savings into UK

Postby salman4040 » Wed Feb 09, 2022 1:48 am

I am an unemployed female UK resident.who immigrated to UK in 2009.( Housewife.) I do not pay any tax in UK.I do not have any income in UK.
I have savings in my bank account abroad, in the tune of $ 200,000 which I want to bring into UK to help me buy a house.

The source of these savings has been the stipends received from husband and personal gifts from family and friends.This is not profits from investments, rents, pension or any inheritance.

Do I have to declare this money to HMRC (self assessment tax returns) when I transfer it here, in my bank account through normal banking channels?
Is this amount taxable under the HMRC regulations ?

Awaiting helpful advice.


Joined:Wed Aug 02, 2017 9:09 pm

Re: Remitting savings into UK

Postby darthblingbling » Wed Feb 09, 2022 12:36 pm

Is your husband UK resident and or UK domiciled?

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