Are my US savings taxable in the UK if I remit them back to the UK?

I am a UK citizen living in USA. I have savings in US bank accounts out of my post tax income. If I remit them back to the UK by transferring the money to a UK bank account will they then be subject to UK tax?|||No, if you transfer capital from the US where you are resident to the UK where you are not resident, there is no tax to pay at either end.





However, you should be sure to set up that UK savings account as offshore. You are permitted to set it up this way whilst you are non-resident for tax purposes. This will ensure that there is no UK withholding on your interest or dividend income (you will still pay US tax). It will also protect you against possible inheritance tax claims by the UK as well as protecting your assets from tax in the event you move back to the UK.|||So long as you are not resident in the UK for tax purposes (which you won't be if you are a resident of the USA) there is no question of tax on any income that arises outside the UK - nor any tax on interest that you might get from savings in a UK bank.|||They are taxable (at least the interest is). We have a double taxation agreement with US so the US tax is deductable from your UK tax. Doesn;'t make any difference whether it comes into UK or not.