Bring capital in Spain to the UK
Posted: Tue Jul 10, 2018 3:01 pm
Hi forum,
My question is around what the process is to bring some capital to the UK.
I am an EU citizen who has lived in the UK for almost 4 years, so I’m non-dom for the time being. I have been working in the UK and paying taxes here for the last 4 years. I have some money invested in funds in my home country (Spain) that have been yielding profit for almost 10 years. I have never withdraw any money from the funds yet. However, I would like to buy a house in the UK and I would like to bring some money to pay for the deposit.
I would like to understand how and how taxes will need to be declared. What’s the process and the law? I understand that only capital gains will need to be taxed.
Thank you so much
My question is around what the process is to bring some capital to the UK.
I am an EU citizen who has lived in the UK for almost 4 years, so I’m non-dom for the time being. I have been working in the UK and paying taxes here for the last 4 years. I have some money invested in funds in my home country (Spain) that have been yielding profit for almost 10 years. I have never withdraw any money from the funds yet. However, I would like to buy a house in the UK and I would like to bring some money to pay for the deposit.
I would like to understand how and how taxes will need to be declared. What’s the process and the law? I understand that only capital gains will need to be taxed.
Thank you so much