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Where Taxpayers and Advisers Meet

Bring capital into the UK

Yiannis17
Posts:93
Joined:Wed Aug 06, 2008 3:43 pm
Bring capital into the UK

Postby Yiannis17 » Wed Jun 16, 2021 12:00 pm

Morning

I have someone who has been living in the UK for 20 years. They are bringing in capital from Russia and are concerned about any tax implications. They do not do a tax return.

I would like to understand the tax implications on this?

Thank you

pawncob
Posts:4745
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Bring capital into the UK

Postby pawncob » Mon Jun 21, 2021 10:24 am

Probably no tax implications, but may be MLR considerations.
With a pinch of salt take what I say, but don't exceed your RDA


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