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Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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Im thinking of bringing in a substantial amount of money from

Customer Question

Im thinking of bringing in a substantial amount of money from Oz acct to UK acct is there any tax implications
Submitted: 3 years ago.
Category: Law
Expert:  Ash replied 3 years ago.
Alex Watts : Hello my name is ***** ***** I will help you with this.
Alex Watts : For now please let me know what it is for?
Alex Watts : are you being asked to bring it in or is it yours outright?
JACUSTOMER-g16i6lgo- :

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

JACUSTOMER-g16i6lgo- :

thanks Peter

Alex Watts :

In that case there are no tax implications bringing the money in

Alex Watts :

If you bring the money into the UK and make profit from that, you will be taxed

Alex Watts :

But as long as the funds are genuine then there is no tax bringing the funds into the UK

Alex Watts :

Can I clarify anything for you about this today please?

Alex Watts :

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