Apologies as I am not clear on this.
1. Do I need to pay tax if it's my own personal savings which I want to transfer from india to uk?
2. Do I need to pay tax if my parents transfer money to me as gift from india to uk?
Apologies for the inconvenience and thanks in advance.
I am working here in the UK and holding a Skilled worker visa at the moment. Do I need to pay any tax for the below scenarios? If yes, then I would like to the UK tax rules/processes which I have to follow (if there is any) while transferring money from India to the UK via online money transfer sites. Also would like to know if there is any slab or upper limit or something else.
Source of funds are as below,
Scenario 1 :- Money is earned in the UK (from salary and paid the tax for the same) and sent to India. Now I want it back here in the UK.
Scenario 2 :- Provident Fund (received in India) received from my previous employer. Already paid the tax in India.
Scenario 3 :- Gifted/inherited money from parents(in India). Want to send it to the UK.
Thanks in advance.