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Three Silver Stars
Posted
Hi,

I am just wondering if anyone can give me advice on bringing £ in from savings in a different eu country.. I have money in savings which I wish to transfer to here for a house deposit-I have paid tax on it previously, currently pay no tax on interest as am a non resident. Will I need to pay tax on the balance that I transfer into the uk? I am a higher rate taxpayer

thanks
 
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One Silver Star
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You only have to pay tax if it is taxable. As you have already paid tax on it in the country where you earned it, then no tax liability exists.
 
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    C4 Forums    Life    Money    moving money from other eu country