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  • Income from foreign NRE account

    I used to transfer money from the UK to India for my savings, keeping it in my India NRE account. Now I am looking to buy a property in the UK, so I want to repatriate some of those savings back to the UK GBP account. Do you know how the UK tax works out for this (all the money in India's NRE account was from my UK salary which I have already paid the tax). I am not sure about the interests that I have earned from my NRE FCNR deposits over the period I will have to pay tax in the UK. And if yes, how is that calculated. The Indian NRE account is less than 10 years old. Thanks