kbp78

Hi HMRC Admin team, I am UK citizen through Naturaliastion and tax resident in UK. I have inherited agricultural land (India) through will after my father's death and it is now under consultation for mandatory acquisition by the government. I understand inherited property will not be attracting UK inheritance tax as my father was citizen and resident of India. Any proceeds will be Capital Gains free in India based on any of the two counts 1) Agricultural land 2) Mandatory acquisition by government. Can you let me know if there is any UK tax due / inheritance tax implication on my behalf in below scenarios 1) Mandatory acquisition by government through government order 2) Sold voluntarily to the government as part of acquisition process (assume same as point 1 above) Thanks

Hi HMRC Admin team, For gains on Non reporting funds which are treated as "OFFSHORE INCOME GAINS", can you confirm if Capital gains paid in India be claimed under dual taxation treaty? And which of the below calculation applies? Calculation 1: Mutual fund Gains of £10,000 CG Tax paid in India; £1250 Income tax for Mutual fund gains at 20%: £2,000 Income tax after allowing for CGT paid: £750 (can you confirm this?) Calculation 2: Income tax calculated on £8750 (gains after CGT)? Income tax for Mutual fund gains after CGT at 20%: £1750 Meaning total tax paid (including CGT): £3000 which would be 30% of Mutual fund gain