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Transfer from FCNR account to UK Bank account - Tax ?
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abracadabra707
Posts: 13 Forumite
Hi,
My friend's uncle has $40,000 USD in an FCNR account in ANZ grindlays bank in India and he wishes to transfer this to my friend's Natwest account in the UK.
Will he have to pay any tax on this amount in the UK?
thanks
My friend's uncle has $40,000 USD in an FCNR account in ANZ grindlays bank in India and he wishes to transfer this to my friend's Natwest account in the UK.
Will he have to pay any tax on this amount in the UK?
thanks
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