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Sending money from India to UK

This is an area for the discussion of matters related to issues about moving from one country to another. Examples could be about money transfer, moving and packing, validity of driving licence, etc..

It is not a general non-immigration, free-for-all area.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2

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hsmp1412
Member of Standing
Posts: 283
Joined: Sun Mar 23, 2008 1:27 pm
Location: India

Sending money from India to UK

Post by hsmp1412 » Mon May 28, 2012 10:16 am

Hi,
I plan to invest some money in India via an NRO/NRE account. However, I am very confused about what are the laws governing the repatriation of such money to UK. As this is money has already been taxed in UK, will there be any further taxes when I move it back? Any information or direction to where this can be answered better is welcome.
Thanks

geriatrix
Moderator
Posts: 24755
Joined: Fri Mar 17, 2006 3:30 pm
Location: does it matter?
United Kingdom

Post by geriatrix » Mon May 28, 2012 10:20 am

1. Talk to the staff at any of the banks that offer NRE/NRO accounts.
2. Consult a tax advisor with knowledge of international account transactions.
3. Google to search for "tax" forums.
Life isn't fair, but you can be!

hsmp1412
Member of Standing
Posts: 283
Joined: Sun Mar 23, 2008 1:27 pm
Location: India

Post by hsmp1412 » Mon May 28, 2012 10:51 am

Thanks for the quick response!

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