Business funds from Turkey to UK tax implications pls?

[SaggiMC]

if the local turkey taxation, could be anything between 5% -17%. If I transfer funds will I have to pay the difference between these figures upto 40%
would it be classed as unearned income? savings? it's not property sales so shouldn't be CGT

I am domiciled UK but pensioner, so not sure if it's even worth bringing to UK if I have to hand over 35% of it to HMRC

whilst tax is paid at varying rates, it could be anywhere between 5%-17% so if I bring funds out of the country to UK will have further tax to pay between say 5% and 40% extra?

Just wondering if its actually worth bringing to UK or not or maybe there is another route

Thanks in advance

[bd6759]

It will be whatever it is. So what is it?

Is it income, profits, gains? The money has to have come from somewhere.

[SaggiMC]

doesn't matter where it comes from this is a taxation question and whether I would have to pay UK tax if I transfer money to UK. At min am thinking prob not espec if I have to pay 40% on top of what is paid in Turkey.

There seems little incentive to bring money to UK

[darthblingbling]

Yes but what was it, as a UK dom and I assume UK tax resident (?) you're taxed on worldwide income and gains as they arise, not when you transfer them to the UK.

[SaggiMC]

ok I get it thanks