India's High-Net-Worth Individuals Assess Compliance with OECD's Automatic Exchange Framework for Overseas Properties
TL;DR
India's HNIs are evaluating compliance with the OECD's new automatic exchange framework, which will expose foreign real estate to Indian tax authorities from 2029. This extends tax transparency to immovable property, potentially prompting shifts in residency strategies.
India's high-net-worth individuals (HNIs) with overseas properties are assessing ways to comply with the OECD's new automatic exchange framework, which will give Indian tax authorities visibility into foreign real estate from 2029. This widens the scope of global tax transparency to immovable property, an asset class previously outside of automatic exchange mechanisms. The framework has significant implications for Indian residents holding property abroad through companies, trusts, or special purpose vehicles, and may lead to a shift towards business and donation-driven residency options.
