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F E Smith
F E Smith, Advocate
Category: Law
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Experience:  I have been practising for 30 years.
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What tax is due on bringing in funds to a uk bank account

Resolved Question:

what tax is due on bringing in funds to a uk bank account from canada
Submitted: 10 months ago.
Category: Law
Expert:  F E Smith replied 10 months ago.

You have to declare amounts of money that you are bringing in of over €10,000, from any country outside the EU.

https://www.gov.uk/bringing-cash-into-uk

whether you would have to pay tax or not depends on where you are domiciled.

A longer explanation is here.

http://www.grantthornton.co.uk/insights/what-are-the-tax-implications-of-bringing-funds-into-the-uk-from-abroad/

can I clarify anything for you?

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Best wishes.

FES.

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