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Transfering money from India to UK. Tax implications

General UK immigration & work permits; don't post job search or family related topics!

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ukcitizen123
Newly Registered
Posts: 3
Joined: Wed Mar 08, 2023 9:18 pm
United Kingdom

Transfering money from India to UK. Tax implications

Post by ukcitizen123 » Fri Aug 11, 2023 11:25 am

Hi,

I am a UK Citizen. My mom in India wants to send me some money through international bank transfer as gift. But someone has told me today that all international transfers from India now charged 20% tax? is this true?


https://qz.com/a-new-tax-makes-outward- ... 1850092665


Please help.

Thank you

AmazonianX
Respected Guru
Posts: 8123
Joined: Tue Jun 11, 2019 2:09 pm
United Kingdom

Re: Transfering money from India to UK. Tax implications

Post by AmazonianX » Fri Aug 11, 2023 11:36 am

ukcitizen123 wrote:
Fri Aug 11, 2023 11:25 am
Hi,

I am a UK Citizen. My mom in India wants to send me some money through international bank transfer as gift. But someone has told me today that all international transfers from India now charged 20% tax? is this true?


https://qz.com/a-new-tax-makes-outward- ... 1850092665


Please help.

Thank you
This is an immigration forum and less to do about finance and taxation on it's own not abutting immigration matters.

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