Investing Money From Overseas (UK)

[Shantanu]

My parents invested a few hundred pounds on my behalf in a bank account in the UK, when we lived there in the 1980's. I just found out about it this recently and I want to bring it here, because I think I can earn 7% in the stock market in the long term, as opposed to 2-3% which is what Barclay's is paying me. My Dad says that if you bring money here from overseas you have to pay taxes on it. Is there any way around this? Also, would it be possible to invest the money in the financial market in the UK? Can I own stocks there, without living there or even being a citizen? Thanks.

 

[Hector13]

You shouldn't have any problems investing outside of the country (given that you can find a broker in the UK that you like). You can then invest in some UK/EU markets and have a nice diversifier for any US equities you might own.