phk_666
Joined: 5/23/2023
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RE: Foreign Income
Hi, i have invested in a friend's property abroad in India and he is going to send me £420,000 via bank transfer from his Indian bank account.. he will have to pay transaction fees etc but do I need to notify HMRC if this is from a sale of a property but i had no affiliation with to begin with?? Will i have to pay any tax for receiving my money back???? I am simply getting paid back with interest for what I have paid into the property investment..