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  • Tax on money transfer

    Hi, I moved to UK in early 2021, I am on skilled visa. I want to transfer money from my NRE account in India. I haven’t transferred money from UK to NRE Indian account. The source of funds in NRE Account is from employment (before 2021 and before moving to UK) in Middle East. I want to move these funds to UK so I can purchase a property here in UK. Do I need to declare this amount in self assessment and will the transferred amount be taxed in UK ?
  • Tax on Money Transfer

    Hi, I moved to UK early 2021, I am on skilled visa. I want to transfer money from my NRE account in India. I haven’t transferred money from UK to NRE Indian account. The source of funds in NRE Account is from employment in Middle East. I want to move these funds from NRE account to UK so I can purchase a property. Do I need to declare this amount in self assessment and will the transferred amount be taxed in UK ?