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Monthly Transfer to the UK
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Hello everyone, I am a resident here in Dubai and I want to transfer a monthly amount (Around 2K USD) to the UK:
1- what is the best way to transfer money to the UK ? I am an ENBD customer but I've heard the rates are not the best.
2- This transfer is intended for family support. Is it necessary for the recipient to declare these amounts in their income statement and potentially be subject to income tax on them?
Your thoughts and tips are appreciated guys.
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