Q.867 Rules on repatriation of funds from sale investment property

Question: Hello there I am an NRI living in the UK. My wife inherited some money from her dad and we invested in an apartment. Three years, no capital gain. Now planning to sell and repatriate the amount to the UK. Could you please lead me towards the right taxation procedure? Thanks a lot in advance Murali Nair [March 15, 2016] Answer: Information on repatriation of sale proceeds of property in India by Non-Residents is already posted on this website. Please check the article: Rules to remit sale proceeds out of India for purchased or inherited property Repatriate money from sale of property - Transfer funds abroad

Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com