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tax on lump sums


Guest paul_s

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Guest paul_s

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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