Sending money back to uk?

[solic200]

If I send £60000 back to the uk would I be liable for any taxes even though it came from the uk originally.

[jacob]

Well I wasn't when I returned a lot of money back to UK, just did it bank to bank.

I'm probably wrong though Wait till someone else either agrees with me or doesn't

[kaiserphil]

I transferred all my money to a German bank when I left TRNC.

No question of tax, just an on line transfer.

[Col]

depends what the money came from. If it was from a gain on house sale then yes, unless you have been there for a long time then that is unlikely!

Why do you think it could be liable to tax?

[Keithcaley]

Just give it to me...
I'll carry it for you...

[solic200]

Col the money was sent from the uk 5yrs ago to buy a villa but I didn't buy it in the end.
I have been here 16yrs.
I should of just wrote would there be any problems sending it back in general as I know any large amounts of money being transferred around the globe can ring alarm bells.
Keith I would never find you in Thailand but thanks for the offer lol.

[KWAKERT4]

I sent over £60,000 Iktisat to Lloyds last year. I had to pay a fee, collected by Iktisat, but no tax in UK, even though some of the money was profit on house sale.

T

[solic200]

Thanks for that info.

[Col]

understand the alarm bells fear, you are allowed to send money back though. If the money contains a gain of more than £10600 there is tax due in the uk.