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Posted 8 months ago by Mallikarjun B
Hi, My son would like to pursue Master's degree in UK University. For this we have taken an education loan from Indian Bank and I would like transfer this money from India to my UK account to pay University fees and to cater for his living expenses. If I transfer this loan amount to my UK bank account, is this taxable and is there any limit on how much(pounds) we can transfer to UK? Thanks.
Posted 8 months ago by HMRC Admin 5 Response
Hi 

No this is not taxable.

Thank you

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