Many thanks for your reply. Just need a clarification: ALL the money that I saved up during the last ten years is still abroad in a foreign bank account. If I was to bring that here as a lump sum (GBP 63k) now in the tax year 2014/15, would it still be exempt from any tax liability in this tax year?
Since child tax credit is 'means tested', does that mean I won't get with savings of 63k? The calculator didn't allow me to enter any savings so just want to confirm.
Many thanks in advance for clarifying the above mentioned.
Many thanks for your reply. To fulfill the 'financial requirement' part of the spouse visa, I plan to invest my savings in my/partner/joint names in property abroad (spouse's country of origin) for six months, then sale it after six months and get spouse to apply for settlement visa with all the paperwork to show for it.
For tax purposes, would you recommend that I invest in my name/partner's name/joint names or it doesn't matter? If I made a profit of GBP 30k, would that be covered by CGT allowances for both of us or would I have to pay CGT on it? If so, how much?
ok, I'll do that.