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Large amount transferred to parents before General VisitVisa

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ILR.dot.dot.dot
Junior Member
Posts: 87
Joined: Thu Mar 21, 2013 1:44 pm

Large amount transferred to parents before General VisitVisa

Post by ILR.dot.dot.dot » Mon Jun 24, 2013 10:29 am

Hi All,

I have transferred around GBP 15K to my parents in India to help them buy a property 4 months back and invest rest in their business.
My father bought property in India last month using GBP 10K of this money and he has put rest GBP 5K in the business.
Recently (10 days back) he has transferred this GBP 5K amount to his bank account from business account.

I am applying for General Visitor Visa for my parents and I am not sure how can I explain this amount in their bank statement. What shall I say as to why did I transfer this huge amount before their visa? Shall I say that I have given loan to my parents to help them buy a property and rest for their business? Will it impact the visa in any way?
My Parents has some other properties as well to show in the visa.

Anyone who has any insight on such matters or had similar experience please help me.

Thanks in advance for your help.

Thanks,

Lucapooka
Respected Guru
Posts: 7616
Joined: Sun Aug 14, 2011 10:30 am
Location: Brasil

Post by Lucapooka » Mon Jun 24, 2013 12:10 pm

Sponsorship is based on their need of your support in lieu of their lack of means. This money is only relevant if that is all they have to show, and so needs explanation. However,if they have a regular historical income stream of their own and can afford to make this trip without your financial input, it will not matter what this other money is for. They want to know that your parents can afford to travel to UK and it is not a tax audit of their general financial affairs.

ILR.dot.dot.dot
Junior Member
Posts: 87
Joined: Thu Mar 21, 2013 1:44 pm

Post by ILR.dot.dot.dot » Mon Jun 24, 2013 12:23 pm

Lucapooka wrote:Sponsorship is based on their need of your support in lieu of their lack of means. This money is only relevant if that is all they have to show, and so needs explanation. However,if they have a regular historical income stream of their own and can afford to make this trip without your financial input, it will not matter what this other money is for. They want to know that your parents can afford to travel to UK and it is not a tax audit of their general financial affairs.
Thanks Lucapooka but I have seen others on the forum being rejected for not explaining the bank transactions which are above INR 100,00.00 or approximately above £1100. I would rather explain than being rejected but my only fear is what if they reject because they think that the bank balance is because of me only (the sponsor) and they(my parents) do not have money of their own. My father is a businessman and he does not transfer money in his personal bank from business as the profit remains in the business.

Should I go ahead and explain saying that the money has been transferred by me (sponsor) to support my parents in buying the house and a loan to business?

Thanks

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