Kristin Roy
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Tax on moving money from abroad to a uk bank account to buy a house in the uk
Evening, I’m an English national and my wife is Taiwanese. We are putting a deposit down on our first home here in the UK. Most of our money is our Taiwanese and Chinese bank accounts and we want to move this to our uk bank prior to paying the deposit. Question is; do we have to pay any kind of tax on the importation of funds? We already have to pay a transaction fee which we are aware of but not sure about tax on money moved from abroad… Thanks in advance :) x