My kids live in UK my wife and I sold a property in sydney a year ago and the moneys been in a bank acct. We wanted to park the money in UK as we may buy something here
In that case there are no tax implications bringing the money in
If you bring the money into the UK and make profit from that, you will be taxed
But as long as the funds are genuine then there is no tax bringing the funds into the UK
Can I clarify anything for you about this today please?
If this answers your question could I invite you rate my answer before you leave today.
If the system won’t let you please click reply.
Please bookmark my profile if you wish for future help: http://www.justanswer.co.uk/law/expert-alexwatts/