Money from savings account at area outside UK remit in UK for supporting living in UK

I am HK BNO visa holder. I landed England around mid-June 2022. I have kept USD savings account and Fixed term deposit outside HK and UK since September 2020. Now, I need to remit these money to support my living in UK, will there be any taxes imposed on the money moving from overseas to UK.

Hi,
There are no Income Tax implications for transferring savings to a UK bank account unless they generate interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.

 

Hi Admin, Further to the aforesaid case, is it applicable to capital gain/loss if there is gain/loss when convert USD to GBP in investment broker? If the currency conversion was carried out by bank account, it is not applicable to CGT, right?

Hi ,
 

If the money is for personal use only then no. Please  Refer to : CG78315 - Foreign currency: personal expenditure of individuals   .

Thank you .