user@aadey
Joined: 5/21/2024
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Transfer of money from India to UK by Non Domicile UK resident
I am a 1. UK resident 2. Non domicile 3. Indian citizen 4. Working in the UK with a Skilled worker visa A flat in India which I owned before I came to the UK was sold while I was in the UK, and relevant tax was declared in India. The sale proceeds of £28,000 was transferred to my UK bank account from my India bank account in tax year 2023-2024 1. Do I need to pay any tax on the amount transferred to the UK? 2. As part of self assessment, does this need to be declared ? -
Transfer of money from India to UK by non dom uk resident
A 1. UK resident 2. Non domicile 3. Indian citizen 4. Working in the UK with a Skilled worker visa A flat in India which I owned before I came to India was sold while I was in the UK, and relevant tax was declared in India. A part of the sale proceeds £28,000 was transferred to my UK account from my Indian bank account. 1. Do I need to pay any tax on the amount transferred to the UK? 2. As part of self assessment, does this need to be declared ?