UK or Indian passport- The Great Dilema
#1
Just Joined
Thread Starter
Joined: Mar 2012
Posts: 1
UK or Indian passport- The Great Dilema
I really need some good advice from you all.
I am a doctor and am on an ILR (Indefinite Leave) in UK and eligible for UK passport. I am confused whether it is better to stick to an Indian passport or go for a UK one, the main advantage being easier world travel and kids future.
I do plan to go back and settle in India in 5-6 years and wonder what is a better option- to have a UK or Indian passport.
Somebody recommended to get kids and wife on uk passports and stay on Indian passport myself as this would keep both aspects to hand- I am not sure of this. The tax implications and inheritence tax, etc are a bit confusing and wonder what would be better in the long run- as I have some small property in India and in UK as well.
Please advice. It's a crucial decision and I would appreciate any help.
Thanks in advance
Kind regards
I am a doctor and am on an ILR (Indefinite Leave) in UK and eligible for UK passport. I am confused whether it is better to stick to an Indian passport or go for a UK one, the main advantage being easier world travel and kids future.
I do plan to go back and settle in India in 5-6 years and wonder what is a better option- to have a UK or Indian passport.
Somebody recommended to get kids and wife on uk passports and stay on Indian passport myself as this would keep both aspects to hand- I am not sure of this. The tax implications and inheritence tax, etc are a bit confusing and wonder what would be better in the long run- as I have some small property in India and in UK as well.
Please advice. It's a crucial decision and I would appreciate any help.
Thanks in advance
Kind regards
#2
Re: UK or Indian passport- The Great Dilema
I really need some good advice from you all.
I am a doctor and am on an ILR (Indefinite Leave) in UK and eligible for UK passport. I am confused whether it is better to stick to an Indian passport or go for a UK one, the main advantage being easier world travel and kids future.
I do plan to go back and settle in India in 5-6 years and wonder what is a better option- to have a UK or Indian passport.
Somebody recommended to get kids and wife on uk passports and stay on Indian passport myself as this would keep both aspects to hand- I am not sure of this. The tax implications and inheritence tax, etc are a bit confusing and wonder what would be better in the long run- as I have some small property in India and in UK as well.
Please advice. It's a crucial decision and I would appreciate any help.
Thanks in advance
Kind regards
I am a doctor and am on an ILR (Indefinite Leave) in UK and eligible for UK passport. I am confused whether it is better to stick to an Indian passport or go for a UK one, the main advantage being easier world travel and kids future.
I do plan to go back and settle in India in 5-6 years and wonder what is a better option- to have a UK or Indian passport.
Somebody recommended to get kids and wife on uk passports and stay on Indian passport myself as this would keep both aspects to hand- I am not sure of this. The tax implications and inheritence tax, etc are a bit confusing and wonder what would be better in the long run- as I have some small property in India and in UK as well.
Please advice. It's a crucial decision and I would appreciate any help.
Thanks in advance
Kind regards
Welcome to BE. I hope some member will be able to help you with your enquiry.
Good luck. Noni
#3
Re: UK or Indian passport- The Great Dilema
can you not just have both or do you have to choose. I know that the UK allows dual nationality but some countries don't. Most people with both tend to use the one that gives citizenship in the country they are in. Saves trouble with visas etc. What are the rules for India ?
#4
Re: UK or Indian passport- The Great Dilema
can you not just have both or do you have to choose. I know that the UK allows dual nationality but some countries don't. Most people with both tend to use the one that gives citizenship in the country they are in. Saves trouble with visas etc. What are the rules for India ?
The UK and India have a Double Tax Avoidance Treaty. Look up this http://finance.indiamart.com/taxation/taxtreaties.html
Hope this helps.
#5
Re: UK or Indian passport- The Great Dilema
I really need some good advice from you all.
I am a doctor and am on an ILR (Indefinite Leave) in UK and eligible for UK passport. I am confused whether it is better to stick to an Indian passport or go for a UK one, the main advantage being easier world travel and kids future.
I do plan to go back and settle in India in 5-6 years and wonder what is a better option- to have a UK or Indian passport.
Somebody recommended to get kids and wife on uk passports and stay on Indian passport myself as this would keep both aspects to hand- I am not sure of this. The tax implications and inheritence tax, etc are a bit confusing and wonder what would be better in the long run- as I have some small property in India and in UK as well.
Please advice. It's a crucial decision and I would appreciate any help.
Thanks in advance
Kind regards
I am a doctor and am on an ILR (Indefinite Leave) in UK and eligible for UK passport. I am confused whether it is better to stick to an Indian passport or go for a UK one, the main advantage being easier world travel and kids future.
I do plan to go back and settle in India in 5-6 years and wonder what is a better option- to have a UK or Indian passport.
Somebody recommended to get kids and wife on uk passports and stay on Indian passport myself as this would keep both aspects to hand- I am not sure of this. The tax implications and inheritence tax, etc are a bit confusing and wonder what would be better in the long run- as I have some small property in India and in UK as well.
Please advice. It's a crucial decision and I would appreciate any help.
Thanks in advance
Kind regards
See post #4 in this thread.
If you do opt for a British passport you would be eligible, and must opt, for a PIO/OCI card. Your inheritance, properties in India, etc. would not be affected then but you should definitely consult with a good Chartered Accountant in India.
Yes, you right it is a bit complicated but then there are several reliable CA's who will be able to give proper opinions on specific issues. PM me if you need reference of a good CA.
Cheers
#6
Back from India
Joined: Jun 2006
Location: UK
Posts: 793
Re: UK or Indian passport- The Great Dilema
YOU may also look at any possible implications for costs of schooling for any children in India.
Not an easy decision to make, if you leave with only ILR you will not be able to return to live if you are out of the country for more than 2 years
Not an easy decision to make, if you leave with only ILR you will not be able to return to live if you are out of the country for more than 2 years