Greetings from cold and wintry Kent !
After living in France for 2 1/2 years I have relocated back to the UK in June 2021 and have today cashed in 15,000 euros from my “assurance vie” in France for my living expenses here.
As I plan to stay in the UK permanently I guess that I’ve automatically become resident in the UK since arrival and will need to report this amount as income on my tax return to HMRC ? This money was tax free in France except for the 7.5% “prélèvement forfaitaire libératoire” for the social security taxes. I wonder however if there any special tax treatment applying to this type of income in the UK ?
Any thoughts or recommendations would be highly appreciated as it’s a nightmare to juggle with 2 different tax jurisdictions ; as you must well know !
Many thanks and warm regards