medguy
Joined: 1/2/2023
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Loan repayment by a relative from India-Tax implications?
Hello, I am a UK citizen for tax purposes. I lent £50,000 of my savings to a family member in India. Would I have any tax implications when they re-pay (direct transfer from India) the amount(just the amount I lent them) to my bank account at a later date? Many thanks.