Money transfer to UK of sold property from India
Hi
Mohan
From what I have found out, once you have the property at some stage you have to remain in India for 6 months (extending the visa locally) and in doing so with the ownership papers you acquire a residents visa.
Until you have done the 6 months stint ,should you go meet your maker the Government gets it all (strange that), but having completed the 6 months you are then able to leave it to your relatives.
Should you sell up, apparently you can only take out the amount of money you 'transferred in' to buy the place, but apparently the difference is often
exported in the shape of diamonds !
Regards
Nicholas
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