With regards to wiring money from my US bank to my UK bank, and those funds being treated as remittance as if I earned them in the UK and therefore taxable. Is that true? I've probably wired 50K USD so far and was planning on having the proceeds of my US house sale wired to the UK. That will be a sizeable amount for which I'm taking the US one time tax exemption. Is there something I should be looking out for, and if so, is there anything I can legally do about it? BTW, I'll be self employed in the UK.
Thanks in advance,
Bruce