Cryptocurrency Q&A
Do I have to pay tax on money transferred from overseas to UK?
Do I have to pay tax on money transferred from overseas to UK?
Maria
Sat Mar 30 2024
|
8 answers
1505
Hello, I am a UK resident and I have recently received a large amount of money from abroad. I am not sure if I need to pay tax on this money. Could you please advise me on this matter? I am quite confused about the tax regulations in the UK and I do not want to make any mistakes. Thank you very much for your help.
8 answers
KpopHarmonySoulMate
Mon Apr 01 2024
There are limitations on the amount of cash that can be brought into or taken out of the UK.
Was this helpful?
132
86
EthereumEmpire
Mon Apr 01 2024
Income generated from capital, such as interest or dividends, is taxable.
Was this helpful?
169
46
EchoSoulQuantum
Sun Mar 31 2024
With BTCC, users can execute trades quickly and efficiently, leveraging the latest blockchain technology.
Was this helpful?
42
22
Lorenzo
Sun Mar 31 2024
Transferring capital from a foreign bank account to a UK bank account does not have tax implications.
Was this helpful?
114
78
ShadowFox
Sun Mar 31 2024
BTCC's customer support team is available to assist users with any questions or issues they may encounter.
Was this helpful?
122
26
Load 5 more related questions
Related questions
- Do I have to pay tax on money transferred from overseas to UK?
- Do I have to pay Australian tax if I live overseas?｜Australian resident going overseas . If you're unsure of your tax situation, see Your tax residency. If you work while living overseas, you must declare: all your foreign employment income.You'll need to still lodge an Australian tax return if you remain an Australian resident
- How much money can I receive as a gift from overseas?
