Andrew Skinner

Hello, If i wanted to give a relative some money from my personal account in India, would this be subject to any taxes. I am a UK resident and so is my relative. Is their a limit or a cap on what you can or cannot do? Would their be any restrictions on them e.g. would they need to pay tax on any interest from it. Many thanks.

Thank you for this update. Do i need to notify my bank or HMRC of this prior to the money being transferred and, if i do, how do i notify HMRC.

Hello, I've inherited some money in India. I am a U.K. citizen and would like to transfer some of this across to help reduce my mortgage. Are there any tax implications in doing this. Also, how do I notify you in advance of this as I believe this has to be done in some scenarios.