As the UK Government prepares to open the Hong Kong British National (Overseas) Visa for applications from January 2021, many people in Hong Kong may be thinking about moving to the UK to work or study. To help them understand how the UK tax system works for new UK residents, including the concept of ‘clean capital’, BKL private client tax specialist Geraint Jones was interviewed for Hong Kong’s Next Magazine.
Topics discussed by Geraint included:
- What is clean capital?
- I have immigrated to the UK. My parents who live in Hong Kong remit 500,000 Hong Kong dollars to the UK. Is there really no tax?
- How many bank accounts are enough?
(As of June 2021, Next magazine’s webpages and videos are unavailable. For reference: the article and video were available to Next Magazine subscribers here; a translation into English was available here.)
The video is also available on YouTube:
Other articles in this series:
- Tax analysis
- Selling a main residence in Hong Kong after moving to the UK
- Renting a property in Hong Kong after moving to the UK
- Domicile and non-domicile status
- Inheritance tax: introduction
- More about inheritance tax
To find out more about how Geraint and our other tax specialists can help people who are looking to relocate to the UK, please get in touch using our enquiry form.