A founder-led practice for United Kingdom-resident owners of Bengaluru property.
DTAA Article 6 + Article 24 treaty relief. Section 195/197 TDS. Form 27Q quarterly. FEMA Form 15CA/15CB repatriation. e-Khata BBMP transition. Year-1 customer relationships are personally handled by founder Abhishek Sreenivasan. WhatsApp first; the email address gets answered, but slowly.
What changes when you live in United Kingdom.
Remittance-basis vs arising-basis election (£30K/£60K/£90K annual charge tradeoff against Indian rental yield), interplay between UK Inheritance Tax exposure on Indian property as situs asset, post-Brexit currency hedging for INR/GBP rental flows.
Compliance notes specific to United Kingdom
- **Remittance basis**: Non-doms electing remittance basis pay £30K–£90K annual charge depending on UK residency duration. Indian rental kept offshore avoids UK tax but loses NRE-account tax-free wrapper if not careful — Ameya advises on structuring.
- **SA106**: Foreign income pages of UK Self Assessment. Each Indian rental flat = a separate entry. We provide year-end statements in HMRC-ready format.
- **IHT exposure**: UK domicile (or deemed domicile after 15/20 years residence) brings worldwide assets including Indian property under UK Inheritance Tax. Material for HNI portfolios — Ameya coordinates with the founder's Indian succession-planning specialist when relevant.
- **Currency**: GBP/INR has been volatile post-Brexit. Ameya can route NRO repatriation through forward-contract-friendly banker desks.
Service ladder — transparent, structured.
| Tier | Scope | Pricing |
|---|---|---|
| Compliance Only | Section 195/197 TDS, Form 27Q quarterly, e-Khata BBMP transition, society reconciliation | ₹40,000 / property / year |
| Property Concierge | Tenant placement, rent collection, vendor management, repairs, dispute mediation, monthly statement | 8% of monthly rent |
| Wealth Portfolio | Multi-property absentee management, Friday NRI Briefing, repatriation coordination, banker liaison | 0.5–0.8% AUM / year |
| Sale Events | End-to-end sale: curation, marketing, KYC, documentation, registration, repatriation | ₹2–3L per sale |
Banker liaison, both sides.
United Kingdom side: HSBC Premier UK · Barclays Premier · Lloyds Private Banking · NatWest Premier.
India side: HDFC London NRI Cell · ICICI Bank UK · Kotak Mahindra UK.
For repatriation, we route through banker desks that offer clean Form 15CA/15CB documentation and forward-contract-friendly INR conversion. The choice of corridor matters more than most owners realise — the wrong desk can cost 0.6–1.2% in spread on every repatriation.
UK-resident NRI owner FAQ.
What TDS rate actually applies to my Bengaluru rental income from United Kingdom?
Default Section 195 TDS is 31.2% (30% + 4% cess). Under the India–United Kingdom DTAA (Article 6 + Article 24), the treaty rate of 15% (DTAA Article 6 reduces from 31.2% Section 195 default) can be claimed via Form 10F + Indian TRC stack. We file Section 197 Form 13 with the Assessing Officer to apply the treaty rate at source, typically reducing actual TDS to 5–15% based on net taxable rental.
How do I report Indian rental income on my United Kingdom return?
Self Assessment SA106 (Foreign income pages) + Form 10F + India TRC. Worldwide income basis if UK-domiciled; remittance basis available for non-doms with £30K-£60K annual charge.
We provide year-end statements in the format your accountant or tax software needs — for United Kingdom, that means Self Assessment SA106 (Foreign income pages) + Form 10F + India TRC.
What is the time-zone overlap for a private call?
Cal.com auto-converts to GMT/BST. Founder availability 18:00–22:00 IST = 12:30–16:30 GMT / 13:30–17:30 BST.
Where does this work best for UK-resident NRI clients today?
Most active engagements: London (Mayfair, Kensington, Canary Wharf, Knightsbridge), Manchester, Edinburgh, Cambridge. Ameya is location-agnostic on the United Kingdom side — what matters is that you own (or are about to acquire) Bengaluru property.
Begin a conversation.
Three channels. WhatsApp is fastest. Voice notes welcome.