I am a Canadian citizen and my deceased father had bought some properties in India about 25 years ago. I wanted to if I can sell off those properties and bring the money to Canada; if I can, then how much tax will I have to pay?

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# citizen # deceased # sell # bring # money

Dhiren Shah, Advocate & Solicitor

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Answered on November 08, 2017

The repatriation of funds realised from sale of property in India to Canada would depend on the relevant provisions relating to regulation of foreign exchange and would also require permission from the Reserve Bank of India.

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I am a Canadian citizen and my deceased father had bought some properties in India about 25 years ago. I wanted to if I can sell off those properties and bring the money to Canada; if I can, then how much tax will I have to pay?

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