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Lump sum from USA to UK

quintain · 2020-01-01 11:02:23

I will be bringing $170k usd held in my USA HSBC account into the UK shortly. I also have a HSBC Account in the UK. My questions which I welcome your advice on are: 1. best safe transfer route for money 2. best place/s to put money in UK, keeping in mind maximum £85k account guarantee The money can be placed in 3 month…

Comments

born_again Posts: 23,780 Forumite

2 January 2020 at 4:57PM

Cook_County wrote: »

Agreed. I was thinking of and only referring to the sale of the property, not the movement of currency after the property was sold.

I think OP would be best reading this:

https://www.gov.uk/tax-sell-property/selling-overseas-property

As we do not know their circumstances. As to how long they have been in the USA, whether they are UK residents. Tax status etc.

Life in the slow lane
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