Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 28 Dec 2023 21:31:52 GMT by
I am a UK citizen and own an apartment in India. The building has gone for redevelopment and the new builder has demolished the building and offers a compensation allowance on a monthly basis till the new building is ready for occupation. The allowance is to enable us get the alternative accommodation till the construction is complete and ready for occupation.Does this monthly allowance become taxable in UK or exempt from tax ? Should this be declared in self assessment?
Posted Tue, 09 Jan 2024 12:09:37 GMT by HMRC Admin 5
Hi

We can only provide general information/guidance on this forum.  
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, or seek professional advice.

Thank you

You must be signed in to post in this forum.