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Sending and getting back money from abroad

Posted Sat, 15 Jul 2023 10:16:18 GMT by
My sister in India needs some money urgently that she will return back to me in 2 months. What are tax implications of me first sending that money to India and then getting it back within same financial year ( 2 months ).
HMRC Admin 25 Response
Posted Thu, 20 Jul 2023 17:32:26 GMT by HMRC Admin 25 Response
Hi Sahiba Sachdeva,
The transfer of money from the UK to a relative in India (and vice versa) has no UK income tax implications.
Thank you. 

 

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