RE: Taxation for Indian Mutual Fund gains in UK.Hi, similar query, can this be re-confirmed if gains from mutual funds in India are taxed under capital gain and not as foreign income and taxed under applicable highest rate of tax ?
Foreign income - Remittance basis claimsHi - I am a UK tax resident with UK non-domicile status. I moved to UK in May 2015 so Tax year 2021-22 was my 7th year in UK(2015-16, 2016-17, 2017-18, 2018-19, 2019-20, 2020-21). My query is if I apply for a remittance basis on my foreign income would I be required to pay a £30,000 annual charge as I've only completed 6 tax years prior to 2021-22 ? Kindly advise