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Where Taxpayers and Advisers Meet

Buying a flat from a non-resident

priyaplonka
Posts: 3
Joined: Mon Oct 07, 2019 2:12 pm

Buying a flat from a non-resident

Postby priyaplonka » Mon Oct 07, 2019 2:22 pm

Hi,
I am looking to buy my dads flat. He used to live here in the UK but moved to India for retirement in 2010. He is definitively a non-resident as he only visits for a week or two every year.

He is fine with me buying the flat but asked me if I am allowed to pay him for the flat in India, from my Indian bank account. Is that allowed?

Thank you, Priya

pawncob
Posts: 4374
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Buying a flat from a non-resident

Postby pawncob » Mon Oct 14, 2019 12:21 pm

It's OK in UK law (assuming land Registry are notified and any duty paid)
Can't comment on your father's tax position.
With a pinch of salt take what I say, but don't exceed your RDA


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