Hi,
I have recently sold my property in India and tax was deducted at source which equates to more than UK Capital gain. As such I understand I will not require to pay any Capital gain tax for this year under double taxation treaty.
In India I have filed income tax returns and invested in government bonds as such I am entitled to receive TDS refund next year.
When I get this TDS refund, will it be taxable in the UK and if yes will I be eligible for 12k annual deductions.
It will be great if anyone can please help re: this query.
Regards,
Ranjith
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