Hi Team- I have a similar query as above. I have been in the UK for last 4-5 years and have been sending money to India from my UK post tax savings.
1. Are there any tax implications or tax payment if I bring back the amount from India into the UK using any of the online money transfer sites?
2, Does it require any declaration to be made in Self Assessment because it is the same money that I already paid the tax and then sent to India from my savings?
3, Also can I use the money to buy any property within the UK as an initial deposit for housing mortgage? Hope I can show the source of funds as from home country in case of any questions on the initial deposit during mortgage process?