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Where Taxpayers and Advisers Meet

Hindu Undivided Family (HUF)

le_eswiss
Posts:5
Joined:Fri Jun 19, 2009 11:03 pm
Hindu Undivided Family (HUF)

Postby le_eswiss » Sun Jul 19, 2009 4:27 pm

Hi,

Would anyone know if income is generated in a Hindu Undivided Family (HUF) that I am a Karta for in India, will that be taxable as my income in the UK?
Or could anyone recommend a UK Tax accountant familiar with UK taxation of earnings in India?

Thanks

AnthonyR
Posts:322
Joined:Wed Feb 08, 2017 2:33 pm

Re: Hindu Undivided Family (HUF)

Postby AnthonyR » Wed Nov 21, 2018 10:18 am

Just resurrecting a very old post with a similar question.

I've been asked about a HUF on behalf of a client of an IFA. Seems that it's tax exempt under Indian law, however, I'm then trying to work out how the holding is treated from a UK tax point of view for a UK res and deemed dom client.

Does anyone have any experience of how HMRC treat it? Is it considered a partnership, a trust or something else? I'm not even sure if there is a formal constitutional document to review. I'm leaning towards thinking that it's likely to be a partnership rather than a formal trust arrangement, particularly with ownership and control passing down the generations.
Anthony Rogers LLB CTA TEP
Fusion Partners LLP
anthony@fusionpartners.co.uk


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