Tax on bringing money to the UK

The only time there are UK income tax or capital gains tax implications on bringing money into the UK is if the money brought in represents income or gains that arose while an individual was a UK tax resident, but which have not been subject to UK tax because he elected to be taxed on the remittance basis.

Robin John is a chartered accountant and chartered tax advised and a director of Wellden Turnbull. The above is for guidance only and may not be relied upon without taking further advice.