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Old 27-07-2006, 12:05 AM   #1 (permalink)
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paul_s
tax on lump sums
hi everyone,

just about to leave for down under ( :shock: or :lol: !!) and will have the proceeds of my house sale in the bank by then approx 80k gbp. I know I wouldn't be taxed on this if I take it on the day I arrive - but if I leave a sum behind and then decided to bring it at a later date would I be taxed on it? I'm not talking about the interest I know that is taxable - but the actual lump sum?

Thanks

Paul
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