Gaurav Sharma
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RE: Tax rule while transferring money from India to UK
Thanks for the guidance and sharing relevant links but I am still not clear on my tax liability and shall be grateful if you could clarify. 1) The amount which I intend to transfer from India is my salary income which I earned during the financial year 2022-23 from Indian employer and I was not the UK tax resident during that period since I migrated on 10th Nov 2022 (147 days in FY 2022-23 in UK). So based on the aforesaid details, do I still need to pay tax if I transfer that income into UK now which was earned in FY 2022-23 when I was not UK tax resident? Thanks for your time and support. Regards
Name Removed Admin -
RE: Tax rule while transferring money from India to UK
Hi Team, I moved to the UK on skilled worker visa and started working full time from 21st November 2022. Before moving to the UK, I was working in India as a full time employee and my monthly salary got credited to a saving bank account maintained specifically for salary income. Now I would like to transfer these funds (maintained in saving bank account in India) to my UK bank account to meet my family’s living expenses in the UK and also for paying the deposit in future for buying a home here in the UK. Hence request you to advise my UK tax liability in this case. Also note that the amount which I intend to transfer is net of taxes as per Indian tax laws. Secondly I am planning to sell one of my property in India and intend to transfer that amount to my UK bank account as well. . So please advise whether I need to pay any UK tax if I transfer this sale proceed to my UK account though I will be paying all relevant taxes in India associated with this sale proceed. Thanks for your time and support. Regards, Gaurav