HI Forum,
This is my first post on this forum, so greetings to all members. Hope you are well.
We were based in the UK from early 2008 and moved to India in 2014 after attaining British Citizenship. Both our kids were born in the UK and are British Citizens.
As we prepare to move back to the UK in Summer 2022, some tax queries have started to bother me.
1. I will be repatriating some funds to the UK, while we are still in India in 2021. These are from the redemptions of my mutual fund portfolio in India, and I will be paying due taxes on them in India. Could there be any problems with the UK tax laws about the repatriation of the funds?
2. We will be able to redeem some more Indian mutual funds after we move to the UK in 2022, so we will be tax-resident in the UK at the time. How would the tax treatment be for these redemptions and subsequent repatriation?
Thanks in advance forum, will appreciate all inputs.
Regards
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