vedam.sunil

Hi I have been transferring savings from salary in UK after paying all taxes in UK to my account in India. Now I want to bring that money back to UK to purchase property. What are my tax implications? This money in India is also subject to tax deductions at source as per the law. Please advise.

I have savings in India earned while I worked there and income tax was already paid in India. This is my own money and is subject to tax deductions at source in India. In addition to this I have transferred money from my UK earnings into this account in India after paying the UK taxes. Now I wish to transfer this to my Uk account and use it to pay as deposit for my first home. What are the tax implications if any? Do I need to pay any tax if I transfer that money to my UK savings account? If yes, how will that happen? How do I notify HMRC on this transfer if I have to notify them?