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bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4768
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Good dayHow much taxes is a UK resident required to pay to

Customer Question

Good day
How much taxes is a UK resident required to pay to the UK taxman should he/she transfer funds from an offshore bank account to a UK bank account?
Submitted: 4 years ago.
Category: Tax
Expert:  bigduckontax replied 4 years ago.
Hello, I'm Keith and happy to help you with your question.

My immediate reaction is none unless the moneys transferred stem from overseas earned or investment income.

Perhaps you could enlighten me as to the source of the funds.