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  • Capital gain tax on CG from mutual funds sold in India

    Hi, I have seen a couple of related questions asked on the forum, but not have found a very satisfactory answer for my use case. I moved to the UK 4 years back, and I am an Indian citizen and UK tax resident. I plan on redeeming some of the mutual funds that I hold in India. I bought them when I was living in India. I plan to bring this withdrawn money to UK. Money will be received in my NRO account and will be transferred by NRE account. Since I have a NRI status, my funds would be subjected to Tax Deducted at Source (TDS) when redeeming them. I understand I'm not domiciled in the UK. Questions - 1. Is there any UK tax implications that I need to keep in mind that I would be liable for? 2. If yes, at what rate? I fall under higher tax rate bracket 3. What is the benefit of using remittance tax basis? Can I select that or do I need to select arisal basis 4. It seems for Capital gains, DTA between India and UK suggest that it is taxed in both places. Is that correct? 5. I'm planning to use the repatriated money to purchase a property (first time buyer) - do i get any benefits? Thanks very much for your help.